Currency

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  1. FX professionals launch industry group, pick officers

    trueForeign Exchange Professionals Association, a group representing participants in FX trading, debuted Thursday.

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  1. S&P Dow Jones: Pound-denominated equity funds blister past benchmarks

    trueThe majority of U.K. and European actively managed equity funds denominated in pounds outperformed their benchmarks over 2013, while euro-denominated funds lagged.

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  2. France's FRR seeks manager for passive, currency risk portfolios

    trueFonds de Reserve pour les Retraites, Paris, is looking for a passive manager to replicate indexes for current allocations to certain asset classes, and to run a €500 million ($677.1 million) currency risk portfolio.

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  3. ECB's interest rate cut could put pressure on pension fund liabilities

    trueThe European Central Bank’s decision to further cut interest rates in an effort to stave off deflation have been met with mixed reactions by money managers.

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  4. Mesirow's currency management head to depart in July to start new firm

    trueGary Klopfenstein, senior managing director of currency management at Mesirow Financial Holdings, is leaving the Chicago firm and will open his own boutique firm specializing in the management of currency and other alternative investments.

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  5. Never Satisfied

    trueManulife Asset Management's global multi-sector Strategic Fixed Income Strategy generates strong, consistent returns by investing in global government and corporate bonds, foreign exchange, and other fixed income instruments. Portfolio Manager Dan Janis explains how he scours multiple sectors, ...

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  6. Growth opportunities tempered by uncertain regulatory environment

    trueChina's inexorable march to an open economy from a closed, tightly controlled one has been a double-edged sword for local fund management companies, expanding the scope and scale of their business opportunities while adding a huge element of guesswork to strategic planning.

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  7. Illinois SURS picks cash overlay manager, commits to alternatives

    trueIllinois State Universities Retirement System hired Parametric Clifton to manage a notional exposure of between $300 million and $400 million in a cash overlay, while committing $150 million total to two other managers for alternatives.

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  8. U.K. official talks tough on Scottish currency question

    trueThe U.K. government's stance that a currency union would not be an option between an independent Scotland and the rest of the U.K. “is not bluff, it is not bluster, and it is certainly not bullying,” according to Danny Alexander, chief secretary to the Treasury.

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  9. More funds eyeing active currency hedging

    trueInstitutional investor demand for dynamic currency hedging strategies is growing, and U.S. investors — perennial wallflowers at the global hedging ball — might finally be ready to join the party, money managers say.

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  10. Texas County & District tacks on $130 million total to 2 funds

    trueTexas County & District Retirement System, Austin, made a follow-on commitment of $100 million to York Global Credit Income Fund, confirmed spokesman Russ Rhea.

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  11. CalPERS will abandon passive currency hedging

    trueCalPERS is axing its 22-year-old passive currency hedging program because it has had almost no effect on the returns or volatility of the $282.5 billion pension fund.

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  12. Illinois SURS gets six responses to cash overlay RFP, will pick two finalists

    trueIllinois State Universities Retirement System, Champaign, received responses from Bank of New York Mellon, State Street Global Advisors, BlackRock, Northern Trust Investments, Parametric Clifton and Russell Investments to an RFP for managing $200 million to $500 million in exposure for cash overlay ...

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  13. Convergence of currencies is main theme of 4th quarter

    trueThe risk story in the final quarter of 2013 was largely about currency, particularly beyond the U.S., according to the Axioma Insight Quarterly Risk Review.

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