Analysis of risk and performance of the pension funds in the Northwest Municipal Intendency - RS – Brazil

Authors

  • Guilherme Batista Univesidade Regional Integrada
  • Daniel Knebel Baggio Universidade Regional do Noroeste do Rio Grande do Sul
  • Martinho Luís Kelm Universidade Regional do Noroeste do Rio Grande do Sul
  • Roberto Carlos Dalongaro Univesidade Regional Integrada

DOI:

https://doi.org/10.22320/hem.v17i1.3279

Keywords:

Fondos de Previsión, Riesgo, Índice Sharpe

Abstract

This study sought to review the origins of Pension Funds within a historical context in Brazil. In addition, it sought to specifically understand the composition of the Municipal Pension Funds of four Municipalities of the Northwest Region of the State of Rio Grande do Sul, with the objective of describing and analyzing the asset management process of the Pension Funds of the Municipalities studied. For this, the Sharpe Index, CAPM as well as the BETA calculation were used as analysis methodology. In summary, it was observed that the manager of the Pension Funds analyzed has done a good job, since the results of their actions were generally above the applications related to the CBDs, used as a risk-free indicator.

Author Biographies

  • Guilherme Batista, Univesidade Regional Integrada

    Profesor Universitario
    Univesidade Regional Integrada – URI - Rua José Bonifácio, nº 3149 – São Luiz Gonzaga – RS – Brasil – CEP 97800-000

  • Daniel Knebel Baggio, Universidade Regional do Noroeste do Rio Grande do Sul

    Profesor Universitario
    Universidade Regional do Noroeste do Rio Grande do Sul – UNIJUI - Rua do Comércio, 3000, Bairro Universitário. IJUI – RS – Brasil CEP: 98700-000

  • Martinho Luís Kelm, Universidade Regional do Noroeste do Rio Grande do Sul

    Profesor Universitario
    Universidade Regional do Noroeste do Rio Grande do Sul – UNIJUI - Rua do Comércio, 3000, Bairro Universitário. IJUI – RS – Brasil CEP: 98700-000

  • Roberto Carlos Dalongaro, Univesidade Regional Integrada

    Profesor Universitario
    Univesidade Regional Integrada – URI - Rua José Bonifácio, nº 3149 – São Luiz Gonzaga – RS – Brasil – CEP 97800-000

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Published

2018-05-31

Issue

Vol. 17 No. 1 (2018): Mayo

Section

Artículos de Investigación

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