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.

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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.

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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.

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