PERU - Peru will seek to toughen laws to prevent presidential front-runner Ollanta Humala from tampering with $30bn managed by private pension funds should he win next month's election, Finance Minister Ismael Benavides said.
Benavides said he will seek support for the legislation at a Cabinet meeting today "to shield from government interference" the assets managed by units of Peru's Credicorp, Spain's Banco Bilbao Vizcaya...
PERU - A Peruvian congressional committee approved a government proposal to increase the limit on private pension fund managers' investments overseas.
PERU - Prima AFP, Peru's biggest pension fund manager, is taking advantage of the biggest stock selloff in more than two years and declines in the country's bonds and currency to buy assets on a bet prices will rebound after presidential elections.
PERU - AFP Integra SA, manager of Peru's second-largest private pension fund, plans to increase investment in smaller mining companies as well as the consumer goods industry as growth in returns from Peruvian stocks slows.
PERU - Peru's pension funds will cut local stock holdings to buy Chilean and Colombian shares as exchanges in the three nations move toward integration, said Mariano Paz Soldan, chief executive officer of pension fund Profuturo AFP.
PERU - Peru's central bank has increased the amount pension funds can invest in international assets by two percentage points to 30% of their overall portfolios.