Active currency overlays and ‘currency for alpha’ managers struggled for much of the ‘ZIRP’ era. Now, divergence between major currencies has brought heightened FX risk for investors – but also

At the end of 2022, the Canada Post pension plan joined the growing list of pension funds across the country whose highly funded status has caused the regulator to instruct a mandatory

Following the considerable market losses endured in the first half of 2022, investors are taking the opportunity to weigh their own results and reassess resilience. Portfolio diversification,

All investors experience significant – and often hidden – performance erosion as a result of routine FX trading, whether it’s carried out directly or via external parties. What’s the true cost,

Have enhanced (active) currency overlays outperformed static currency hedging in recent years? Based on our most recent manager analysis the answer appears to be “yes.”

Today’s climate raises new FX-related headaches for investors, provoking a rethink of historic decisions to hedge currency risks, leave them unhedged or delegate to fixed income and equity