| 30.12.2009 - Brazil SWF benchmarked against Libor, TJLP |
| 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 |