BRAZIL - Newly introduced governance regulations for Brazilian pension funds could force defined benefit plans to establish formal funding policies - a measure rarely seen in the South American country's pension industry - says Mercer Human Resource Consulting in Brazil.
The regulations, dubbed Resolution CGPC number 13, list new management and internal control requirements aimed at strengthening the ability and incentives of Board members to exert governance over the...
Rodrigo Amaral finds the allure of the fast-growing emerging market and operational hurdles have led Brazilian pension funds to stick to their home-country bias
SOUTH KOREA/JAPAN/BRAZIL - South Korea's National Pension Service and Posco, the world's third-biggest steelmaker, will buy a combined 15% stake in a Brazilian niobium producer with a group of Japanese companies.
US/BRAZIL - The California Public Employees' Retirement System (CalPERS) has committed $190m to a $200m Brazilian real estate fund.
BRAZIL - Brazilian state pension funds Funcef, Petrus and Previ will have a stake in the Belo Monte hydropower dam that will be built in the Amazon, an official with the state-run electricity company said.
BRAZIL - Lane Clark & Peacock has expanded its international network by partnering with Brazilian consultancy Rodarte Nogueira.