-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VfoWw/FSLo+GuStjPzYN7YJDFkT4UgLYLy5lsuCYfTjXkqrhZ+b0spCYg3zsMfo4 Qr+tMHqJGrFswRHLeDcetQ== 0000912057-96-007577.txt : 19960501 0000912057-96-007577.hdr.sgml : 19960501 ACCESSION NUMBER: 0000912057-96-007577 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960430 SROS: NYSE GROUP MEMBERS: BT PENSION SCHEME GROUP MEMBERS: HERMES INVESMENT MANAGEMENT LIMITED GROUP MEMBERS: HERMES INVESTMENT MANAGEMENT LTD GROUP MEMBERS: HERMES PENSIONS MANAGEMENT LIMITED GROUP MEMBERS: POST OFFICE STAFF SUPERANNUATION SCHEME SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BRAZIL FUND INC CENTRAL INDEX KEY: 0000820028 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 046576929 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-39510 FILM NUMBER: 96554073 BUSINESS ADDRESS: STREET 1: TWO INTERNATIONAL PLACE CITY: BOSTON STATE: MA ZIP: 02110-4103 BUSINESS PHONE: 2123266200 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HERMES INVESTMENT MANAGEMENT LTD CENTRAL INDEX KEY: 0001013143 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: STANDON HOUSE, 21 MANSELL ST STREET 2: LONDON EL 8AA CITY: UNITED KINGDOM MAIL ADDRESS: STREET 1: C/O J GREENBERGER SCHWARTZ, COOPER... STREET 2: 180 N LASALLE ST STE 2700 CITY: CHICAGO STATE: IL ZIP: 60601 SC 13D 1 SC 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 0)* THE BRAZIL FUND, INC. -------------------------------------------------------- (Name of Issuer) Common Stock ($ 0.01 par value) -------------------------------------------------------- (Title of Class of Securities) 105759104 -------------------------------------------------------- (CUSIP Number) James J. Greenberger, Esq., Schwartz, Cooper, Greenberger & Krauss 180 N. LaSalle Street, Ste. 2700, Chicago, IL 60601 (312)346-1300 ------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 6, 1995 -------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box / /. Check the following box if a fee is being paid with this statement /X/. (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class. (See Rule 13d-7.) NOTE: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). (Continued on following page(s)) Page 1 of 8 Pages CUSIP No. 105759104 13D Page 2 of 8 Pages - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons HERMES INVESTMENT MANAGEMENT LIMITED - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) /X/ of a Group* (b) / / - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* AF - ------------------------------------------------------------------------------- (5) Check Box if Disclosure of Legal Proceedings is Required Pursuant to / / Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization UNITED KINGDOM - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power 868,266 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 0 -------------------------------------------------- (9) Sole Dispositive Power 868,266 -------------------------------------------------- (10) Shared Dispositive Power 0 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 868,266 - ------------------------------------------------------------------------------- (12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* / / - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 5.3% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* IA - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. CUSIP No. 105759104 13D Page 3 of 8 Pages - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons HERMES PENSIONS MANAGEMENT LIMITED - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) /X/ of a Group* (b) / / - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* AF - ------------------------------------------------------------------------------- (5) Check Box if Disclosure of Legal Proceedings is Required Pursuant to / / Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization UNITED KINGDOM - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power 0 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 0 -------------------------------------------------- (9) Sole Dispositive Power 0 -------------------------------------------------- (10) Shared Dispositive Power 0 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 868,266 - ------------------------------------------------------------------------------- (12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* / / - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 5.3% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* IA - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. CUSIP No. 105759104 13D Page 4 of 8 Pages - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons BT PENSION SCHEME - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) /X/ of a Group* (b) / / - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* WC - ------------------------------------------------------------------------------- (5) Check Box if Disclosure of Legal Proceedings is Required Pursuant to / / Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization UNITED KINGDOM - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power 0 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 0 -------------------------------------------------- (9) Sole Dispositive Power 0 -------------------------------------------------- (10) Shared Dispositive Power 0 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 457,100 - ------------------------------------------------------------------------------- (12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* / / - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 2.8% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* EP - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. CUSIP No. 105759104 13D Page 5 of 8 Pages - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons POST OFFICE STAFF SUPERANNUATION SCHEME - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) /X/ of a Group* (b) / / - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* WC - ------------------------------------------------------------------------------- (5) Check Box if Disclosure of Legal Proceedings is Required Pursuant to / / Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization UNITED KINGDOM - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power 0 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 0 -------------------------------------------------- (9) Sole Dispositive Power 0 -------------------------------------------------- (10) Shared Dispositive Power 0 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 401,366 - ------------------------------------------------------------------------------- (12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* / / - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 2.5% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* EP - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. Schedule 13D Page 6 of 8 Pages THE BRAZIL FUND, INC. (CUSIP No. 105759104) REPORTING GROUP: HERMES INVESTMENT MANAGEMENT LIMITED HERMES PENSIONS MANAGEMENT LIMITED BT PENSION SCHEME POST OFFICE STAFF SUPERANNUATION SCHEME ITEM 1. SECURITY AND ISSUER This statement relates to the common stock of The Brazil Fund, Inc., par value $.01 per share. The principal executive offices of The Brazil Fund, Inc. is located at 345 Park Avenue, New York, NY 10154 ITEM 2. IDENTITY AND BACKGROUND The persons filing this statement are Hermes Investment Management Limited ("Hermes Investment"), Hermes Pensions Management Limited ("Hermes Pensions"), the BT Pension Scheme ("BT"), and the Post Office Staff Superannuation Scheme ("POSS"). BT and POSS are employee pension funds organized under the laws of the United Kingdom. Hermes Investment and Hermes Pensions are companies organized under the laws of the United Kingdom. Hermes Pensions was, prior to March 31, 1995, known as Postel Investment Management Limited and was jointly owned by BT and POSS. On March 31, 1995, Hermes Pensions became a wholly-owned subsidiary of BT and Hermes Investment was organized as a wholly-owned subsidiary of Hermes Pensions. The sole business of Hermes Pensions and Hermes Investment is managing the investments of BT, POSS and the Post Office Pension Scheme. The principal offices of each of the reporting persons is located at Standon House, 21 Mansell Street, London E1 8AA, United Kingdom. During the last five years none of the reporting persons has been convicted of any criminal offense or has been subject to any judgment, decree or final order relating to federal or state securities laws. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION All funds used to make the purchases reported on this form were obtained from the working capital of BT and POSS. Prior to the purchases reported on this form, Hermes Pensions had acquired 342,825 shares of the common stock of the issuer for the account of BT and 248,575 shares of the common stock of the issuer for the account of POSS. Schedule 13D Page 7 of 8 Pages ITEM 4. PURPOSE OF TRANSACTION All purchases reported on this form were made for investment purposes only. None of the reporting persons has any plans or proposals which relate to or would result in any of the actions or events described in items (a) through (j) of Item 4. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) The reporting persons believe that approximately 16,230,000 shares of the common stock of the issuer are outstanding. The aggregate number and percentage of the class of securities reported on beneficially owned by the reporting persons is as follows: Reporting Persons Number of Shares Percentage - ----------------- ---------------- ---------- Hermes Investment 868,266 5.3% Hermes Pensions 868,266 5.3% BT 457,100 2.8% POSS 401,366 2.5% (b) Hermes Investment has the sole power to vote and the sole power to direct the disposition of all of the securities beneficially owned by the reporting persons, comprising 868,266 shares of the common stock of the issuer. (c) Hermes Investment (or, prior to March 31, 1995, Hermes Pensions) made the following purchases of common stock of the issuer for the account of the indicated beneficiary through Robert Fleming & Co.: Number of Shares Date Beneficiary Purchased Price Per Share - ---- ----------- --------- --------------- 03/06/95 POSS 29,800 $23.50 03/07/95 BT 30,000 $22.63 11/28/95 POSS 102,791 $15.75+ 11/28/95 BT 114,275 $15.75+ + Rights offering executed directly with issuer Schedule 13D Page 8 of 8 Pages (d) Not applicable. (e) Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Pursuant to Investment Management Agreements, dated March 31, 1995, Hermes Investment acts as an investment advisor to BT and POSS and has sole voting power and power to direct the disposition of securities acquired for their benefit by Hermes Investment. Hermes Pensions is a wholly-owned subsidiary of BT and Hermes Investment is a wholly-owned subsidiary of Hermes Pensions. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS Not applicable. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: April 16, 1996 HERMES INVESTMENT HERMES PENSIONS MANAGEMENT LIMITED MANAGEMENT LIMITED By: /s/ F.W Le Grice By: /s/ F.W. Le Grice --------------------------- --------------------------- Title: Company Secretary Title: Company Secretary POST OFFICE STAFF BT PENSION SCHEME SUPERANNUATION SCHEME By: /s/ M.C. Duncombe By: /s/ illegible --------------------------- --------------------------- Title: Chief Executive Title: Secretary -----END PRIVACY-ENHANCED MESSAGE-----