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Vitro Readies Bankruptcy

Dec 9, 2010

Vitro plans to file for bankruptcy through Mexico’s concurso mercantil process by December 16, it says. The Mexican glassmaker has “has the requisite majority, among debt controlled by Vitro, debt subject to lock-up agreements and consents received through the exchange offer and...

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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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