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Vale Scoops up BNDES Funds

Aug 24, 2012

Brazil's BNDES has agreed to lend Vale BRL3.9bn ($1.93bn) to improve logistics operations in the country’s north, the development bank...

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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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