Rio de Janeiro State Attorney General sues Master managers for R$ 650 million in pension fund losses

The Rio de Janeiro State Attorney General (PGE-RJ) has initiated legal action against managers of the Master investment fund, seeking to recover R$ 650 million in losses incurred by the state pension fund, Rioprevidência. The filing includes two precautionary injunctions and a sealed document disclosure request, signaling an escalation in efforts to address alleged mismanagement of public pension assets.