There is a belief among Brazilians that the country pays too much tax and that this value does not return to society with the provision of good public services, that the state inefficiency coupled with corruption consumes the generated resources. However, the Brazilian society needs to fully...

This paper aims to present the main features of an important segment of the Brazilian financial market, the investment funds. These funds, along with insurers and pension funds, constitute the institutional investors or so-called money managers (Minsky, 1989). The arguments are organized as...