GESTÃO FINANCEIRA DAS ENTIDADES FECHADAS DE PREVIDÊNCIA COMPLEMENTAR

AUTOR(ES)
DATA DE PUBLICAÇÃO

2005

RESUMO

The objective of this dissertation is to evaluate which are the reasons that evidences the large concentration of asset allocation provening from Public and Private Pension Funds together into Asset Managers linked to large financial conglomerates (retail banks) in detriment of the independent players (Pure Asset Managers). This paper analizes the concept and practice of portfolio management among the Pension Funds industry, their management tools, and try to explain the commencement and evolution of the Capital Markets. It presents a summary of Social Secutity System and describes the operational procedures, as well as its relationships with the independent segment and of those related to the Banking System. It demonstrates the analysis of Pension Funds Industry in accordance with the collected data from the survey. It comes to the conclusion that the structure of the Independent Players is much more effective due to its dedicated focus, the innovations of its products portfolio, and primarily, the segregation of activities, such as in the process of investing and researching, and in the process of corporate governance. These facts will be usefull for an evaluation of the possibility of increase in the share of Funds for the independent segment, that today are concentrated in the large conglomerates (Retail Banks).

ASSUNTO(S)

banks bancos controladoria financiamento economics administration administraçaõ financeira administracao controllership

ACESSO AO ARTIGO

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