Brazil’s Petros Pension Aims to Increase Private Equity Investment in 2020
One of the largest state-run pension funds in Brazil could gradually resume investing in private equity next year, following a period of cutting back its exposure to the asset class and changes in the rules governing the investment vehicles themselves.
“It’s a move that will happen in slow motion,” Alexandre Mathias, chief investment officer of the employee pension fund at state-run oil giant Petróleo Brasileiro SA, or Petrobras, said of the plan to resume making fresh investments in the asset class next year.
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