Chile's Pension Funds Lose Billions on Backfired US Rate Bets

Name: Chile's Pension Funds Lose Billions on Backfired US Rate Bets
Uploaded: 2026-10-14T19:23:45.472289+00:00
Description: Chile's seven pension fund administrators, which oversee roughly $229 billion in retirement savings, are unwinding large dollar interest-rate swap positions after a bet on falling US rates backfired. The most conservative fund option, Fondo E, lost 10.39% in real terms over the first nine months of 2026.

Chile's seven pension fund administrators, which oversee roughly $229 billion in retirement savings, are unwinding large dollar interest-rate swap positions after a bet on falling US rates backfired. The most conservative fund option, Fondo E, lost 10.39% in real terms over the first nine months of 2026.

Read the full story