Currency Overlay Managers Appointed In UK and Japan As Demand Grows Outside The US
NEWS
LONDON--The appointment of two currency overlay managers for pension funds in the UK and Japan in the last fortnight shows the popularity of the product is beginning to grow outside the US, say industry insiders.
Daiwa Bank recently appointed OSV Partners, the currency manager of Boston-based United Asset Management, as currency overlay manager to an initial $1 billion of its pension assets.
In the UK, the $3 billion Philips Electronics pension fund last week appointed Record Treasury Management
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