# FPMA

FPMA is a Pension Fund based in Araucaria, Brazil.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Araucaria, Brazil
- **Region:** Latin America
- **Address:** R. São Vicente de Paulo 131-Centro, Araucaria, PR, Brazil
- **Assets under management:** 294 (Altss estimate)
- **Website:** www.fpma.com.br
- **LinkedIn:** https://www.linkedin.com/company/fundo-de-previd%c3%aancia-municipal-de-arauc%c3%a1ria---fpma

## Regulatory record

- **Reports private funds:** No

## About

FPMA was established to administer retirement benefits for municipal employees in Araucaria. Liane Judite Muraro and Hector Paulo Burnagui lead investment oversight through the fund's committee structure. The portfolio consists almost entirely of fixed income holdings. Confirmed positions include allocations to BB Previdenciário RF IRF-M1 Títulos Públicos and Caixa Brasil IRF-M 1 Títulos Públicos. Additional exposure sits in inflation-linked instruments and short-term liquidity funds. All activity remains domestic to Brazil with no disclosed international commitments or private equity programs beyond a 7 percent target allocation. The fund maintains a headquarters building and land holdings in Araucária. It belongs to ABIPEM, APEPREV and ANEPREM. No recent operational events from the last 24 months appear in available records. Governance ties directly to the municipal government through the Mayor of Araucária as legal representative. Investment decisions route through the named committee members without external managers disclosed.

## Sectors

- Fixed Income
- Government Bonds

## People

- Liane Judite Muraro — Investment Manager and President of the Investment Committee
- Hector Paulo Burnagui — President of the Administrative Council and Member of the Investment Committee
- José Afonso Strozzi — Member of the Investment Committee
- Samuel Cracco — Member of the Investment Committee

## Questions

### Who runs investment decisions at FPMA?

Liane Judite Muraro acts as Investment Manager and chairs the Investment Committee. Hector Paulo Burnagui serves as President of the Administrative Council and sits on the same committee.

### Where does FPMA invest geographically?

All disclosed holdings remain in Brazil through federal public bonds and domestic funds managed by Banco do Brasil and Caixa Econômica Federal.

### Does FPMA participate in direct deals or fund commitments?

No direct deals or external fund commitments are recorded. Exposure occurs through listed fixed income vehicles and a small private equity slice.

### Which industry associations does FPMA belong to?

FPMA holds memberships in ABIPEM, APEPREV and ANEPREM, all Brazilian associations for state and municipal pension entities.

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- [Unitarian Universalist Common Endowment Fund (UUCEF)](https://altss.com/profile/unitarian-universalist-common-endowment-fund-uucef)
- [Rose-Hulman Institute of Technology](https://altss.com/profile/rose-hulman-institute-of-technology)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/fpma

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology