Brazilian pension funds hold together a portfolio that exceeds R$ 1 trillion. This volume of resources justifies researches that try to understand the management of these portfolios. This paper aims therefore to analyze the allocation of the wealth managed by these funds. As an associated goal,...

Brazilian pension funds hold together a portfolio that exceeds R$ 1 trillion. This volume of resources justifies researches that try to understand the management of these portfolios. This paper aims therefore to analyze the allocation of the wealth managed by these funds. As an associated goal,...

This paper has a double purpose. First, the author intends to discuss what is in game when the public social security is changed for private systems based on individual savings. Second, she aims to analyze why the neoliberal reforms are accepted easier in Latin America (with exception of Brazil)...