Chile Pension Funds Sought Curbs on Interest-Rate Bets Before Losses
Executives at Chilean pension funds appealed to regulators for limits on volatile interest-rate derivatives before a US Treasury downturn left the funds with billions of dollars in losses, Bloomberg News reported.
Bloomberg News reported on Thursday that executives at Chile’s pension funds had asked regulators to restrict volatile interest-rate derivatives before a downturn in US Treasuries left the funds with billions of dollars in losses. The report said fund managers had raised concerns about the risks of positions that have…