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Vitro Sidesteps Legal Block to Restructuring

Jan 9, 2012

Mexico’s troubled glass maker Vitro managed to sidestep a restraining order preventing its subsidiaries from voting for a controversial $3.6bn debt restructuring that has bondholders up in arms. The US Court of Appeals for the Fifth Circuit reinstated the company’s...

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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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