Brazil’s largest pension fund, Prebi (Bank of Brazil Employees’ Pension Fund), is in the process of outsourcing a small portion of its stock portfolio, according to Funds Society officials.
The foundation, which currently manages about 280 billion reais (about $4.9 trillion), acknowledged the existence of research into portfolio outsourcing, but declined to provide details, saying it was still in the very early stages.
complementary strategies
One asset that has already received pre-approval in this process is Trigono Capital, which specializes in small-cap stocks.
In this process, Previ is specifically looking for managers for dividend strategies that focus on assets that the company does not currently hold in its portfolio. Other strategies are also being considered.
The foundation, along with its operating partners, is expected to make small contributions from its young portfolio, particularly defined contribution plans, to create a dedicated endowment.
The focus will be on implementing strategies and areas of expertise that do not currently exist within the Foundation’s assets and strengthening management.
