MTA Super investigated for removing currency hedges during GFC - reports

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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.

The fund lost A$500m over the three years to June 2010 as a result of executive decisions to remove the hedges in the middle of the 2008, reports in the Australian press claim. They claim APRA i...

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