Filed Under:Annuities, Variable

The Principal to Hold Majority Stake in Claritas

Downtown Sao Paulo one of the largest cities in Latin America and in turn, one of the largest markets (DARIO LOPEZ-MILLS)
Downtown Sao Paulo one of the largest cities in Latin America and in turn, one of the largest markets (DARIO LOPEZ-MILLS)

The Principal Financial Group (The Principal) has gotten closer to their goal of being a pension and long term investment leader in Brazil with the announcement last week that they entered into an agreement to purchase a 60% indirect ownership of Claritas Investments Ltd. (Claritas).

Claritas has more than $1.8 billion in assets under management. The Sao Paulo-based company manages equity funds, balanced funds, managed accounts among other strategies for their clients and institutions through a multi-channel distribution network.

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Nichole Morford

Nichole Morford
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