Interest rate hedges by pension funds fell by 24% over the first quarter of the year, hit by a difficult swap market and stale funding levels, F&C reports.
Figures show interest rate hedges by investment banks dropped by £2.5bn to £7.5bn for Q1 this year, down from £9.9bn in Q4 last year. (PP Online, 7 Feb) F&C said geo-political turmoil in the Mid...
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