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Varig Files for Bankruptcy

Jun 20, 2005

Varig, Latin America's biggest airline, filed for protection from creditors in Brazil and the US as it seeks to restructure...

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At a fundamental level, the issue is how to generate healthy returns in the medium to long term. Policy holders can see their fund go down over the course of a week or a month, but what we really should be looking at is returns over 20 or 30 years.

Daniel Schydlowsky, Peru’s banking, insurance and private pension fund regulator


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