Scheme managers urged to rebalance currency exposures

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AUSTRALIA - Pension fund managers must rebalance their foreign currency exposures more frequently and with closer attention to liquidity and market impacts, or else risk wide deviations from targets, Troy Rieck, General Manager Capital Markets, QIC, told the Global Pensions/Westpac Currency Management Forum in Sydney.

To adequately address the risks implicit in foreign currency exposures, pension funds need to manage mid-month market exposure risk, the liquidity and market impacts and the collateral and counterp...

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