Dreyfus Brascan Asset Management, Mellon Financial Corporation's asset management joint venture in Brazil, has formed an alliance to sell defined contribution funds.

Created by Dreyfus, the PGBL funds, similar to 401(k) funds in the US, will be marketed by Vera Cruz Vida e Previdencia, a leading Brazilian insurance company and one of the earliest pension fund providers in Brazil.

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Dreyfus forms pension alliance

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