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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Fund Profile/New Launches

Brazil SWF benchmarked against Libor, TJLP

Posted on 30 December 2009

From Businessweek.com: Brazilian President Luiz Inacio Lula da Silva issued rules for the country’s so-called sovereign wealth fund, benchmarking returns against Libor and a government-set long term interest rate.

The minimum return sought on the fund’s investments abroad will be the six-month London interbank offered rate, or Libor, according to a decree published today in the official gazette…………………………………….Full Article: Source

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