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Strategics Team Up for Brazil Logistics

Nov 15, 2012

A group of strategic investors has agreed to spend BRL2.9bn ($1.49bn) to acquire a portfolio of Brazilian logistics facilities from asset manager Hemisferio Sul Investimentos. Canada Pension Plan Investment Board (CPPIB), Singapore’s GIC sovereign wealth fund, GIC’s Global Logistic Properties (GLP) unit and the China Investment Corp (CIC) will form a pair of joint ventures to own the commercial distribution properties, the parties say. It is the latest sovereign wealth vehicle movement into Latin America and one that highlights a diversification away from...

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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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