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GE Buys into Brazil Oil Drilling

Dec 18, 2007

GE Energy Financial Services plans to invest $54m and co-finance the acquisition of a ship drilling for oil in deep water off the coast of Brazil. GE says this is its first equity investment in...

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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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