There are big questions about currency hedges when sterling has fallen so significantly since Brexit. Schemes should revisit that hedge and prepare for further volatility, says Stephanie Baxter
US - The California State Teachers' Retirement System (CalSTRS) will today decide whether to introduce a risk overlay strategy across its $146.4bn portfolio.
AUSTRALIA - The Australian Government Employees Superannuation Trust (AGEST) has appointed Millennium Global Investments to run an A$270m (US$240m) active currency overlay mandate.