Jorge Simino, investment director at Funcesp, says that pension funds are still cautious about investing abroad.
Brazilian pension funds make initial global fund investments
BlackRock and JP Morgan Asset Management are the sponsors of the underlying cross-border funds being used by Banco do Brasil to introduce Brazilian pension funds to international markets, albeit in very small doses. Brazil's largest corporate pension fund, the Previ, was one of the initial buyers.
Brazilian pension funds exploring investment in global private equity
Renê Sanda, chief investment officer of the USD75 billion Previ, said he’d be looking at the efforts of foreign firms to establish ties to Brazil, form partnerships and attract a wider range of investors.
Previ plans BRL 300 million to invest in shares of foreign companies
Rene Sanda, Chief Investment Officer, of Brazil's biggest pension, said the decision followed conversations with other other major pension funds, which agreed on the need to invest abroad.