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Fidelity Holding Sizable BM&F Stake

Jun 4, 2008

FMR, a subsidiary of US mutual fund company Fidelity, has purchased a 6.87% stake in the BM&F, Brazil’s commodities and derivatives exchange by purchasing 69m shares. According to a statement filed with the...

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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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