Currency Hedging
topic on 1 show · 2 statements across 2 episodes
2 statements about Currency Hedging, every show
Robertson: Short-term instruments make hedging long-duration foreign assets difficult
“When you're investing long-term money, it's quite difficult, because the instruments you've got to hedge currency are very short-term, whereas you're hedging long-duration assets, so there was never a correct formula, to be honest.”