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Posted on: March 17, 2016, 11:36 a.m.
Brazilian pension funds last year probably had their worst annual performance since at least 2007, as liabilities rose and returns slumped in the wake of a deep political and economic crisis, an industry group said on Tuesday. Pension funds running a deficit accumulated a shortfall of 64.9 billion reais ($18 billion) in the first 11 months of last year, the highest since at least 2007, said Abrapp, the group that represents funds in the country. Those funds posting surpluses piled ... Full investment news article