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PetroReconcavo Joins IPO Pipeline

May 25, 2011

PetroReconcavo, a Brazilian E&P company with onshore wells in the state of Bahia, plans to go public, according to a preliminary prospectus. The issuer plans to include both primary and secondary shares, and has not given details as to the size or timing...

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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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