Funds targeted for Brazilian real estate

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BRAZIL - A Brazilian investment firm claims to have recruited a US$40bn pension plan and a £25.9bn ($52bn) British scheme in its bid to create a Brazil-oriented fund containing of some of the world's 300 largest pension funds.

Andrew Jenner, CEO of Astra Investimentos, said the pension funds would be investing in Brazilian special purpose companies that participated directly in residential real estate projects, in a risk...

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