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EmbuPrev
EmbuPrev was established in 2010 as the Social Security Fund of the Municipality of Embu das Artes, São Paulo. It operates as a Specific Social Security Regime...
EmbuPrev
EmbuPrev was established in 2010 as the Social Security Fund of the Municipality of Embu das Artes, São Paulo. It operates as a Specific Social Security Regime (RPPS), exclusively covering the municipality's public servants, retirees, and their dependents. The fund is sponsored by the Municipality of Embu das Artes and governed by a board that includes Fabio Ghedini de Martini and Robson Augusto de Oliveira Inácio, whose terms run through 2026. The fund's portfolio is allocated across a diversified mix of asset classes consistent with Brazilian RPPS regulations, including fixed income, real estate, public equities, private credit, and infrastructure funds. Its headquarters at Rua Nossa Senhora do Rosário, 308, in central Embu das Artes is held as a direct commercial real estate asset. EmbuPrev participates in regional industry associations, notably ABIPEM and APEPREM, which provide technical standards and peer benchmarking for São Paulo state pension funds. In 2025, ABIPEM awarded EmbuPrev 7th place nationally in governance, a ranking that reflects compliance with investment committee protocols and disclosure requirements under Brazilian pension law. Unlike larger state-level funds, EmbuPrev does not publish detailed quarterly portfolio holdings or full financial statements on its website; its public footprint is limited to mandatory regulatory filings. The fund employs no disclosed dedicated investment staff beyond its administrative board, relying on external managers and consultants for asset allocation decisions. Structurally, EmbuPrev differs from corporate or union pension funds in that its beneficiary base and contribution rates are determined by municipal legislation rather than collective bargaining. This creates a direct political accountability mechanism: the fund's solvency and governance are overseen by both the municipal government and the national Social Security Secretariat, making its investment posture inherently conservative and liquidity-focused to meet monthly benefit payouts.
General information
Firm type
Pension Fund
Year founded
2010
Location
Region
South America
Country
Brazil
City
Embu das Artes
Corporate office
Rua Nossa Senhora do Rosário, 308 – Centro, Embu das Artes, SP, Brazil
Principals
Fabio Ghedini de Martini
Member of the Board of Administration (2023-2026)
Robson Augusto de Oliveira Inácio
Member of the Board of Administration (2023-2026)
Sector focus
Frequently asked questions
Who makes investment decisions at EmbuPrev?
Investment decisions are governed by a Board of Administration, whose current members for the 2023-2026 term include Fabio Ghedini de Martini and Robson Augusto de Oliveira Inácio. EmbuPrev does not publicly list a dedicated CIO or internal investment team, which is common for smaller municipal RPPS funds that rely on external asset managers and consultants for portfolio execution.
What is the regulatory framework that governs EmbuPrev?
EmbuPrev operates as a Specific Social Security Regime (RPPS), a category of public pension fund in Brazil governed by federal legislation including Resolution CMN 4,963. This framework dictates eligible asset classes, concentration limits, and governance requirements. The fund is also overseen by Brazil's National Social Security Secretariat.
Where does EmbuPrev's funding come from?
Funding comes from payroll contributions made by active municipal employees of Embu das Artes and matching contributions from the municipality itself as the sponsoring entity. Investment returns on the accumulated portfolio provide additional funding for retiree and beneficiary payments.
Does EmbuPrev invest directly or through third-party managers?
As a municipal RPPS without a large internal investment staff, EmbuPrev likely allocates predominantly through third-party asset managers and investment funds. This is standard practice for funds of its size in Brazil, where external managers handle fixed income, equity, real estate, and private credit mandates under board oversight.
What property does EmbuPrev own?
EmbuPrev holds its headquarters building at Rua Nossa Senhora do Rosário, 308, in the Centro district of Embu das Artes, São Paulo, as a direct commercial real estate asset. No other real estate holdings are publicly documented.
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