 During the later days of the Pinochet Regime the neoliberal policies of the Chicago Boys were applied, substantially reducing state property holdings.CFMP land was divided and sold under obscure circumstances to Chilean billionaires, among them Andrónico Luksic, whose family now owns "Fundo Chanchan" and "Fundo Enco" along the Enco River as well as other properties around Neltume.Another wealthy businessman, Víctor Petermann, took control of Fundo Pilmaiquen and established the Huilo-Huilo Biological Reserve in 1999.