06.01.2010 - Brazil decrees $8.2bln SWF rules
From Emii.com: Brazil has passed an executive decree formalizing rules for its $8.2 billion sovereign wealth fund, The Wall Street Journal reports. As per the rules, the fundís overseas investments must yield a return equal to or greater than the six-month London interbank offered rate, or Libor. Investments made in Brazil must yield the equivalent of Brazilís TJLP long-term interest rate, currently at 6% annually...........................................Full Article: Source
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