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The Gávea Group comprises two investment management firms (Gávea Investimentos and Gávea Equity) and one distributor (Gávea DTVM). These are regulated by the Central Bank of Brazil , the Comissão de Valores Mobiliários - CVM (Brazil’s equivalent to the US SEC) and the Brazilian Financial and Capital Markets Association (ANBIMA).
The establishment of the Social Security Reserve Fund was part of the 1994 Toledo Pact agreement between government, employers and unions. Under the agreement the surpluses of the social security system were to be paid into the reserve fund with the aim of security pension payments in the future when demographics bring the pensions system into deficit.
The band also changed their profile pictures on social media to a sun and moon, making fans speculate an imminent release of new material. [197] On 19 October 2019, a cryptic five-second teaser was released on social media with orchestral music in the background. [ 198 ]