A fund selection analyst at Chilean pension fund AFP Cuprum has left after almost six years at the firm.
Evelyn Garrido, who first joined the pension fund in March 2012 and held several roles there, left in December 2017 to pursue a master’s degree.
In her most recent role as senior strategist of fund management, she was in charge of picking international funds along with unit head Cristián Hidalgo. The duo reports to Sergio Espinola, the firm’s global credit and local investments head.
Garrido was in charge of quantitative and qualitative assessment of equity and debt funds in both developed and emerging markets, as well as of manager and fund due diligence. In October, Cuprum hired first-year analyst Javier Moraga to fill Garrido's role.
Chile’s third-largest pension fund by assets, Cuprum ran $39.4 billion as of November 30, the latest data published by the local market regulator showed.
As of August 31, the AFP had invested roughly $16.3 billion of its total assets abroad, according to the latest analysis of the pension funds’ portfolios posted by the regulator. Cuprum allocated more than $12.4 billion of that exposure to mutual funds and almost $2 billion to ETFs, the figures showed.
In the past year, Cuprum has boosted the role of quantitative analysis in its fund selection process, a trend that Citywire Americas understands is taking hold in the Chilean AFP industry.
Other changes in the pension fund include the exit of head of alternatives and asset allocation Rodrigo Manzur to rival pension fund AFP Capital.