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Article: THE URGE TO MERGE.
- Article from:
- Revista Latin Trade
- Article date:
- January 1, 2000
- Author:
CopyrightCOPYRIGHT 2000 Freedom Magazines, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Latin American pension funds start to consolidate at breakneck speed. Is Brazil next?
SOMETIME LAST YEAR, PENSION FUND managers seemingly lost patience. Year after year, the number of affiliates has been increasing--but apparently, not fast enough to suit the more impatient among the group. Suddenly, acquiring dominant market share and rapidly increasing assets is becoming a high priority.
Overall, the number of Latin Americans affiliated to a pension fund increased 13% to 37 million for the 12-month period ending in June 1999, according to the annual LATIN TRADE Pension Fund Ranking. Assets decreased roughly 3% to US$117 billion, due largely to the ...