30.12.2009 - Brazil SWF benchmarked against Libor, TJLP
From Businessweek.com: Brazilian President Luiz Inacio Lula da Silva issued rules for the countryís so-called sovereign wealth fund, benchmarking returns against Libor and a government-set long term interest rate. The minimum return sought on the fundís 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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