# RS-Prev

RS-Prev is a Pension Fund based in Porto Alegre, Brazil.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Porto Alegre, Brazil
- **Region:** South America
- **Address:** Porto Alegre, Rio Grande do Sul, Brazil
- **Founded:** 2016
- **Assets under management:** R$ 285M - R$ 674M
- **Website:** www.rsprev.com.br
- **LinkedIn:** https://www.linkedin.com/company/rsprev

## Regulatory record

- **Reports private funds:** No

## About

RS-Prev was formed in 2016 as a non-profit public foundation to administer complementary pension plans for civil servants across the State of Rio Grande do Sul. The state itself acts as the primary sponsor alongside multiple municipalities, including Não-Me-Toque, Guaíba, and Cachoeirinha. Director-President Elisângela Hesse oversees both the executive function and the security directorate, while the Deliberative Council is chaired by José Guilherme Kliemann. The fund allocates capital under Brazil's closed pension entity framework, which governs asset-liability matching, liquidity buffers, and sectoral exposure limits. Detailed portfolio composition is not publicly disclosed. RS-Prev participates in the Brazilian closed-pension ecosystem through its membership in Abrapp, the national industry association, giving it access to sector benchmarks and peer exchange. RS-Prev's governance separates executive management — led by Hesse, with Filipe Jeffman dos Santos as Director of Investments and Rafael Rocha Luzardo as Director of Administration — from the Deliberative Council that sets policy. No external wealth origin applies; all assets derive from statutory contributions by sponsoring state and municipal employers and their employees. RS-Prev differs structurally from a typical family office or corporate pension fund because it serves a fragmented sponsor base — multiple municipalities alongside the state — each with distinct actuarial profiles. This forces an allocation model that must remain broadly acceptable across political and administrative cycles, making the investment committee's regulatory constraint the binding structural feature of the fund.

## People

- Elisângela Hesse — Director-President and Director of Security
- Filipe Jeffman dos Santos — Director of Investments
- Rafael Rocha Luzardo — Director of Administration
- José Guilherme Kliemann — President of the Deliberative Council

## Questions

### Who runs investment decisions at RS-Prev?

Filipe Jeffman dos Santos serves as Director of Investments. He reports to Director-President Elisângela Hesse, who holds dual responsibility as the head of the executive team and Director of Security. The Deliberative Council, chaired by José Guilherme Kliemann, sets the governance framework within which the investment team operates.

### Which municipalities participate as sponsors in RS-Prev?

Publicly confirmed municipal sponsors include Não-Me-Toque, Guaíba, and Cachoeirinha. The fund's structure allows additional municipalities to join, making the sponsor base broader than a single-government pension plan.

### How is RS-Prev governed?

Governance divides into an executive directorate — led by Elisângela Hesse with directors for investments and administration — and a Deliberative Council chaired by José Guilherme Kliemann. This mirrors the standard Brazilian closed pension entity model, where the council sets policy and the executive team executes it.

### Does RS-Prev disclose its asset allocation or portfolio holdings?

RS-Prev does not publish a detailed breakdown of asset-class weights, individual manager selections, or direct holdings. What is known is that its investment activity operates under Brazilian closed-pension regulations, which impose statutory limits on equity, fixed-income, real estate, and alternatives exposure.

## Related profiles

- [RSPB Pension & Life Assurance Fund](https://altss.com/profile/rspb-pension-life-assurance-fund)
- [RSQ Investors](https://altss.com/profile/rsq-investors)

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Last updated: 2026-07-08T22:25:02.025Z

Canonical page: https://altss.com/profile/rs-prev

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