Early global positions of Brazilian pension manager Postalis were taken with Templeton and BTG Pactual, said investment director Pedro Pedrosa.
While easing positions short term, Brazilian pensions maintain focus on global markets
Brazilian pensions ramp up international allocations as others ask for increased quotas
Brazilian pension managers shared their plans to expand international investment and their relationships with global firms.
Behind the scenes, Brazilian pensions ready international-investment areas
Three pension firms shared their plans to invest abroad. Western Asset, Nordea, Vanguard, BlackRock, BNP and JP Morgan are among the global brands receiving allocations.
Investment abroad remains a seemingly distant aspiration for Brazilian pensions
Jorge Simino, investment director at Funcesp, says that pension funds are still cautious about investing abroad.
Funcesp boosts allocations to global funds
The plan is to place a BRL 50 million ticket (USD 16.1 million), divided into the three equity funds managed by three separate managers. The pension fund plans on adding three additional managers by the end of the year, reaching five or six in total, says chief investment officer Jorge Simino.
Funcesp seeks to hire global managers as overseas bets almost triple
International investments provided the pension fund’s best returns last year, at 15.4%, said chief investment officer Jorge Simino. Funcesp could potentially invest up to USD 900 million in cross-border vehicles, according to local regulation.