AG Bisset wins $85m currency overlay deal
NEWS
ROWAYTON, CT -- The Firemen’s Annuity and Benefit Fund of Chicago has appointed Rowayton, Connecticut-based AG Bisset & Co as its currency overlay manager. The deal means Bisset will actively manage the fund’s currency exposures of its $85 million equity portfolios invested in Europe, Australia and the Far East.
Currency overlay -- the management of currency exposures in an investment portfolio separately from underlying asset exposures -- is in demand from fund managers, as returns from equity
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