Brazil’s largest pension fund, Previ (Banco do Brasil Employees’ Pension Fund), is in the process of outsourcing a small portion of its equity portfolio, according to sources from Funds Society.
The foundation, which currently manages approximately 280 billion reais (around $4.9 trillion), confirmed the existence of a study for portfolio outsourcing but declined to reveal details, stating that it is still at a very early stage.
Complementary Strategies
One of the assets that has already received pre-approval in this process is Trígono Capital, specialized in Small Caps.
In this process, Previ is specifically looking for a manager for a dividend strategy, focusing on assets that the company does not currently hold in its portfolio. Other strategies are also under consideration.
With managing partners, the foundation is expected to create exclusive funds, making small contributions from its younger portfolios, particularly from defined contribution plans.
The focus will be on enhanced management, introducing strategies and specializations that do not currently exist within the foundation’s assets.
