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Currency turmoil a conundrum for investors
trueThe strengthening U.S. dollar, diverging central bank policy and a continued search for returns have pension fund executives grappling with both sides of the coin when it comes to currency.
More fallout likely after China's renminbi move
trueChina's Aug. 11 decision to give markets a bigger role in setting the renminbi's value against the dollar hasn't led to the currency war some feared, but it sets the stage for a pickup in capital markets volatility in Asia that could ultimately benefit managers of active investment strategies.
China devaluation weighs on local currency bonds
trueChina's currency devaluation might extend the current two-year stay in the penalty box for local currency bonds, the biggest segment of the emerging markets debt opportunity set, but growing interest in unconstrained fixed-income strategies could leave portfolio managers better positioned to buy ...
OCERS sets plan to exit euro currency hedge
trueOrange County Employees Retirement System adopted a strategy to exit its euro currency hedge.
Putting a value on dollar appetite for U.S. pension executives
trueCurrency markets have been very volatile in the past year, with the U.S. dollar exhibiting its strongest rally on a trade-weighted basis in over 10 years. For U.S. pension executives with substantial international investment portfolio exposures, the key question is whether this rally is in its ...
Eurogroup reaches agreement for latest Greek bailout
trueGreece is one step closer to being granted its third bailout, following a weekend of negotiations among European Union member states and political will to keep the country in the eurozone.
Managers watching Greek drama unfold
trueAs crunch time looms for Greece and its future — be it in or out of the eurozone — money management executives will be closely watching the European equities, bonds and currency markets for increased volatility, and the chance to add to their positions.
Kansas Public Employees launches currency overlay search
trueKansas Public Employees Retirement System is searching for a firm to provide currency overlay management services covering about $1.8 billion in international developed markets currency exposure.
China plays major part in volatility for 1st quarter
trueRisk in the first quarter of 2015 was all about one country, according to the Axioma Insight Quarterly Risk Review.
Russell Investments selects head of currency and fixed-income strategy
trueVan Luu joined Russell Investments as head of currency and fixed income strategy.
5 largest foreign-exchange dealers' market share declines in 2014 — report
trueThe five largest global foreign-exchange dealers saw their combined market share decline to 51% in 2014, a Greenwich Associates report said.
Denmark's ATP returns 6% in first quarter on Danish equity gains
trueATP, Hilleroed, Denmark, returned 6% in the first quarter of 2015, boosted by record returns on Danish equities, the pension fund announced Thursday.
GMO: Currency hedging may increase tail risk
trueHedging currency exposure increases tail risk in equity portfolios by increasing the notional exposure, “and therefore the magnitude of possible return or loss,” according to a GMO white paper released Monday.
Why European equity markets deserve a second look
trueEuropean growth is low by any standards. We expect 1.2% from the eurozone this year, in line with the latest International Monetary Fund forecast, while the fund is looking for 2.4% from the advanced economies as a whole and 3.6% from the U.S.
The big structural upside in Japanese equities
trueThere is reason to believe that Japan is on the precipice of reordering its domestic savings structure as soon as this year, with potentially significant implications for its equity markets.