Currency – Page 6
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News
BpfBouw increases dollar hedge following currency loss
Construction sector scheme loses 2.1% on currency hedge chiefly due to appreciation of dollar in 2018
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News
Dollar, yen appreciation behind Philips scheme’s 2.4% investment loss
Pension fund wants to maintain currency hedge but has halved the value of the position ‘for strategic reasons’
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FeaturesFixed income, rates, currencies: Politics remains the bellwether
Financial markets continue to be influenced by news, and tweets, about the US-China trade negotiations. While stock markets have sold off during the second quarter of 2019, and credit spreads have widened, this financial tightening is so far less than what happened over the last few months of 2018.
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NewsFive banks hit with €1bn in fines after ‘banana split’ FX cartel uncovered
Barclays, the Royal Bank of Scotland, Citigroup, JPMorgan, UBS and MUFG Bank fined by European Commission over ‘Banana Split’ and ‘Essex Express’ cartels
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News
Mandate roundup: Ircantec awards five mandates worth €2.8bn [updated]
Plus: German church fund awards currency overlay mandate to Metzler; Italian education workers’ scheme shakes up manager line-up; Hampshire hires JP Morgan
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NewsNorwegian sovereign fund boasts €76bn Q1 gain despite currency drag
CEO Yngve Slyngstad hails best quarterly performance ever in local currency terms as Norwegian krone rises against major currencies
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News
ATP backs ethical currency trading code
Denmark’s largest pension fund is one of the first schemes to sign up to new code run by BIS, after “irregularities” in currency markets
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FeaturesFixed Income: Markets take nervous turn
Almost every asset class did well in the first quarter of 2019
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Asset Class ReportsCryptocurrencies: A match made in heaven – or hell
Cryptocurrencies could offer handsome returns to hedge funds. Or they could be a disaster
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FeaturesFixed income, rates, currencies: Markets take nervous turn
The reaction and aftermath to the US Federal Reserve’s dovish pivot appears to be more focused on the monetary policy news itself and the ‘fuel’ of easy money.
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News
‘Attractive entry point’ for cryptocurrencies following price crash
Institutional investors should consider an allocation to cryptocurrencies, according to Cambridge Associates
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Special ReportSterling scenarios
Sterling will remain mired in uncertainty as long as the conflict over Brexit is unresolved
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FeaturesFixed income, rates, currencies: Global economic discomfort
Fed’s wait-and-see approach to monetary policy adds to contradictary signals
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Special ReportStrategy: Pension funds confront FX risk
Investors are paying more attention to currency hedging strategies in the face of increased global risk
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Special ReportEuro: Many factors to take into account
Euro-zone investors are not immune to global currency vagaries
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FeaturesIPE Quest Expectations Indicator: March 2019
When uncertainty hangs over the financial markets, indices tend to converge. That is true for net sentiment of equities
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News
Brexit: Nordic pension funds reveal their approaches to UK assets
SPK, Veritas and Apteekkien Eläkekassa explain their approaches to political risk in the EU
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NewsAP3 records positive 2018 return after gains on unlisted assets, FX
Swedish buffer fund posts 0.6% return and adds SEK6.8bn to state pension system
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FeaturesFixed income, rates, currencies: Clouds to darken further
Markets have pulled back from US rate hike forecasts; Euro credit looks set to be most vulnerable to quantative tightening; The European elections in May look set to see a surge in support for populist parties
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FeaturesIPE Expectation Indicator: February 2019
The end of 2018 saw expectations shift meaningfully in certain markets, and then pause. It also saw trends accelerate, then pause. For most of us, the pauses were welcome, because the shifts were related to broad market plans
