Latin American Pension Funds: Previ Widens Gap
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24th October 2011

Brazil’s Previ widens its lead over Chile’s Provida on pension rank.
BY LBC STAFFLatin America’s biggest pension fund got even bigger in 2010, widening its lead over rivals, according to an analysis of the region’s top 100 pension funds prepared by Latin Business Chronicle.
Previ, the pension fund for employees of government-owned Banco do Brazil, finished 2010 with a whopping $91.7 billion in assets. That’s up by 12 percent from the year earlier, the data showed.
Previ’s  hefty assets exceeded the holdings of the next two largest funds in Latin America combined. The region’s second biggest pension fund was Chile’s Provida, growing to $44.1 billion in assets, followed by Chile’s Habitat, reaching $37.2 billion in assets at the end of the year.
Brazilian funds dominated the top 100 pension funds in the region, accounting for more than half on the list. Brazil’s funds ranged in assets from top-ranked Previ to #23 Itaubanco, posting $7.1 billion in assets, to #54 IBM Brasil, with $2.3 billion, to #100 Funepp, with $683.4 million at the end  of the year.
A Brazilian fund scored as the biggest winner in assets in percentage terms last year: Fundacao Atlantico, which saw its assets rise by 108 percent to $4.6 billion. And another Brazilian fund ranked as the biggest loser in assets in percent terms: Citiprevi, down 8 percent to $966 million.
The biggest gain in affiliates in percentage terms went to a Brazilian fund: Capef, which saw its affiliates grow …

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