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VCP Takes Over Aracruz

Sep 16, 2008

Brazil’s Votorantim Celulose e Papel (VCP) has agreed to acquire a 28% stake it does not own of Aracruz, opening the way for the creation of one of the top two paper...

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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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