# Pinheiral Previ Pinheiral Previ is a Pension Fund based in Pinheiral, Brazil. ## Overview - **Organization type:** Pension Fund - **Headquarters:** Pinheiral, Brazil - **Region:** South America - **Address:** Rua José Gomes da Silva Júnior, 337, Centro, Pinheiral - RJ, 27197-000 - **Assets under management:** Undisclosed - **Website:** www.pinheiralprevi.rj.gov.br ## Regulatory record - **Reports private funds:** No ## About Pinheiral Previ operates as the statutory pension fund for the municipality of Pinheiral, a small city in Rio de Janeiro state. Established under Municipal Law n.º 529/2009, the fund is tasked with granting and maintaining social security benefits for municipal employees. The fund is led by Executive Director Fábio Groetaers Monteiro dos Santos, with financial management and investment oversight handled by Zuleica Aparecida Cardin. The mayor of Pinheiral, Luciano Muniz Fernandes, serves as the municipality’s legal representative in fund matters, sitting alongside a Deliberative Council and a Fiscal Council. Geographic exposure is entirely domestic. The fund does not publish direct-holding names or co-investment partners, and its small scale reflects the municipality's modest tax base and public workforce. Pinheiral Previ maintains a leased headquarters on Rua José Gomes da Silva Júnior in central Pinheiral and has planned a purpose-built commercial headquarters. The fund employs a lean operating team, combining the investment and financial management function under a single manager, with accounting and budget managed separately. Compensation and beneficiary administration — including digital contracheque access — is a core operational focus alongside asset management. Structurally, Pinheiral Previ is unlike multi-billion-real state or federal pension giants. Its governance is tightly woven into the municipal administration: the mayor serves as legal representative, and no independent investment committee or external manager delegation is disclosed. For an allocator, the fund represents a pure liability-matching municipal mandate — highly constrained by regulation, fully domestic, and operationally inseparable from the small municipality it serves. ## People - Fábio Groetaers Monteiro dos Santos — Diretor-Presidente - Anne Caroline Martins Moreira Rodrigues — President of the Deliberative Council - Zuleica Aparecida Cardin — Manager of Financial Management and Investments - Cheila Batista de Carvalho Almeida — Manager of Accounting and Budget - Luciano Muniz Fernandes — Mayor of Pinheiral and Legal Representative - Vagner da Silva Afonso — President of the Fiscal Council ## Questions ### Who runs investment decisions at Pinheiral Previ? Zuleica Aparecida Cardin serves as the Gerente de Gestão Financeira e Investimentos — the manager of financial management and investments — and is the senior operational executive responsible for the fund's portfolio. She reports to Executive Director Fábio Groetaers Monteiro dos Santos. The fund's governance also includes a Deliberative Council and a Fiscal Council, but day-to-day asset allocation and manager selection sit with Cardin's function. ### How is Pinheiral Previ governed relative to the municipality? The mayor of Pinheiral, Luciano Muniz Fernandes, serves as the legal representative of the municipality in fund matters, making the fund's governance inseparable from the municipal administration. The Deliberative Council, chaired by Anne Caroline Martins Moreira Rodrigues, provides oversight, while a separate Fiscal Council handles audit functions. This structure is typical of small Brazilian municipal pension funds, where the executive branch retains direct influence over the fund. ### Does Pinheiral Previ invest in private markets or alternatives? There is no public evidence that Pinheiral Previ allocates to private equity, venture capital, real assets, or international securities. As a small municipal pension fund governed by Brazilian regulation, its portfolio is almost certainly concentrated in domestic fixed-income instruments and listed equities. The fund publishes a formal investment policy, but specific asset-class weights and manager names are not disclosed. ### What are the fund's primary liabilities? Pinheiral Previ is responsible for the concession and maintenance of retirement and pension benefits for municipal public servants. The fund administers regular beneficiary recertification and proof-of-life processes, and in July 2025 published a dedicated communication to its aposentados. Its liability stream is a closed pool of existing and future retirees from the Pinheiral municipal workforce. ## Related profiles - [Pinhais Previdencia](https://altss.com/profile/pinhais-previdencia) - [Pin Invest](https://altss.com/profile/pin-invest) --- Last updated: 2026-08-11T02:43:31.692Z Canonical page: https://altss.com/profile/pinheiral-previ Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology