White Papers

Making the case for active currency management for institutional investors

Author(s): Karl C. Mergenthaler, CFA, J.P. Morgan Worldwide Securities Services

Publish date: October 2009

Summary: As the scramble by institutional investors to find uncorrelated sources of alpha continues, the author suggests that active currency management may be a compelling proposition for three main reasons: market dynamics, consistent returns and diversification. This paper provides a thorough examination of the potential that active currency management has in institutional porfolios as well as some dos and don'ts for investors.

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