long-duration assets
1 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Apr 13, 2020 by Sandra Robertson · across every show →
Everything said about long-duration assets, oldest first
Apr 13, 2020
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.”