Interest rate hedging surges 44% in three months

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Interest rate hedging increased 44% in the last three months of last year, driven by pension schemes rushing to capitalise on attractive market swap levels, a survey suggests.

Nearly £9.9bn of liabilities were hedged using derivatives in Q4 2010, up from nearly £6.85bn of hedges between July and the end of September, according to F&C. The investment manager said the d...

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