Top executives from Putnam Investments of Boston have recently concluded an extensive round of negotiations in Chile, holding successful talks with the management of eight pension fund managers in the Chilean pension system. Their visit to Chile was motivated by the recent approval of Putnam funds by the Risk Rating Commission (CCR), a state sponsored rating agency.

John Talanian, corporate director of Putnam's international business unit, was pleasantly surprised by legislation going through Chile's congress, which will raise the upper limit on international investments from foreign pension fund managers from 20 percent to 35 percent.

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