Professional Pensions spoke to Russell Investments about how to make the most of currency exposures. Here is what they have to say…
Patrick Zweifel says there could be considerable divergence in the trajectory of individual EM currencies over the coming years.
Almost none of the Global Pensions 100 Panel believe the US dollar will be replaced by the yuan as the world's reserve currency.
AUSTRALIA - The median growth superannuation fund (61 to 80% growth assets) fell 1.5% in July on the back of weak share markets, research from Chant West shows.
ASIA - ING Investment Management Asia's CIO believes the yuan will become a reserve currency within the next two years driven by the ongoing debt problems in Europe and the US.
US - Pension funds in Virginia and Florida have become the latest to point a finger at Bank of New York Mellon for overcharging for foreign currency trades and both states filed lawsuits against the bank yesterday.
US - Oklahoma Attorney General Scott Pruitt is to launch an investigation into how financial institutions handle the state pension's investments.
MTAA Super is being investigated by the Australian Prudential Regulation Authority (APRA) for removing its currency hedges in the middle of the global financial crisis, reports suggest.
Attempts to move away from the US dollar as the currency reserve is ‘fraught with danger' said Paul Chappell, chief investment officer at currency manager C-View.
Pension fund managers should develop a currency policy separate from their asset allocation policy, attendees at the GP Currency Management Focus heard.
GLOBAL - Pension fund managers should develop a currency policy separate from their asset allocation policy, attendees at the GP Currency Management Focus heard yesterday.
GLOBAL - Attempts to move away from the US dollar as the currency reserve are ‘fraught with danger' said Paul Chappell, chief investment officer at currency manager C-View.
Lynn Strongin-Dodds reports how expected rate hikes and a belief the worst has passed for Europe is luring investors back to the euro
US - The California State Teachers' Retirement System (CalSTRS) will today decide whether to introduce a risk overlay strategy across its $146.4bn portfolio.
CHILE - Chile's $4bn Pension Reserve Fund has received the okay to make maiden investments in global equities and global corporate bonds, as well as in four new currencies, the Ministry of Finance said.
EUROPE - Pension funds should be preparing their operational arrangements for a potential fracture in the eurozone, Schroders chief investment officer Alan Brown warns.
GLOBAL - Overlay Asset Management and BNP Paribas Corporate and Investment Banking have teamed up to launch an index in a bid to help schemes preserve the purchasing power of currency allocations.
Overlay Asset Management and BNP Paribas Corporate and Investment Banking have teamed up to launch an index in a bid to help schemes preserve the purchasing power of currency allocations.
Principal Global Investors has launched an actively managed currency fund for institutional investors.
Fears of a double dip recession in major economies and the emergence of a "two-speed" global growth scenario has raised investors' interest and engagement in currency markets.
Mark Farrington explains why currency is an asset class that cannot be ignored
AUSTRALIA - Australia's median growth superannuation fund returned 2.2% in July on the back strong equity performance over the month.
CANADA - Canadian pension funds lost 3.2% in the second quarter, but a weak dollar helped shield against even steeper falls in the international equity markets, according to data by RBC Dexia Investor Services.
David Curtis, head of UK institutional Business at Goldman Sachs Asset Management, looks at the currency markets