Frank Russell Co. Designates Currencies Separate Asset Class
NON-BANKS
What pension funds want, pension funds get. The latest demands appear to be in the area of currency management and advisors are starting to line up to provide that service. Now Frank Russell Co., one of the premier pension fund advisors, has decided to designate currencies as a separate asset class, and is scouting for more currency managers to add to their stable.
According to Guenter Elklebe, a senior vice president at the Tacoma, Washington-based company, the consulting group now has about
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