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Monday, October 24, 2011

Special Reports

Latin American Pension Funds: Previ Widens Gap

Brazil's Previ widens its lead over Chile's Provida on pension rank.

Brazilian funds dominate the top 100 pension funds in Latin America, accounting for more than half on the list (Photo: Ministerio de Previsión Social)

BY LBC STAFF

Latin 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...

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