Active hedging on the rise
LONDON – Record Currency Management reported a 120% rise in active hedging mandates in its first-quarter trading update last Tuesday (July 21), partly driven by volatility and concerns over the dollar.
The London-based currency manager said assets under management for the active trading style rose to $8.8 billion, up from $4 billion at the end of March. Meanwhile, the passive management style garnered a 12% rise over the previous quarter, but is still the predominant management style with $14.5
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