The original resolution by the Brazilian Monetary Council had paralyzed the offer of global funds to local pension managers, said Marc Forster, executive director at Western Asset in Sao Paulo.
CMN heeds industry advice, ditches rule requiring risk rating on cross-border funds
January 25, 2018 by
Brazilian pensions less likely to invest abroad despite new resolution facilitating use of local feeders
December 13, 2017 by
A new rule intended to make it easier for Brazilian pensions to allocate to feeder funds investing in cross-border funds is so confusing that it may have the effect of causing redemptions from these products, at least until there is clarification.
CMN Resolution 4.611
December 11, 2017 by
Alters Resolution 3.792, from September 24, 2009, which set rules on the allocation of assets of plans administered by Brazilian closed pension funds.
Retirement funds in Brazil empowered to invest more in equity, infrastructure and foreign instruments
November 23, 2015 by
Resolution 4444 gives the USD 170 billion open pension system in Brazil some needed flexibility, and aligns the industry more closely with the investment regime of corporate pension plans. "In general, this is very positive," said Marcelo Mello, vice-president at SulAmérica Investimentos.
