<!-- Swiftype Variables -->

White Papers

Currencies are a Zero Sum Game

Are currencies a "zero sum game"? In this short paper, 30 year currency pioneer and CEO of Berenberg Asset Management, Gary Klopfenstein, addresses this question as it relates to the management currency risk in a global portfolio.

Gary Klopfenstein is a global pioneer in currency risk management and has been managing currency as a specialist practitioner for 30 years. In this paper, he draws from his extensive experience in currency management to explain how an understanding of the zero sum game question can have a profound impact on your global investment risk/return profile. Gary combines statistical analysis with relatable examples to explore the notion that, over time, currency returns to some long term value. An educational and matter-of-fact paper that anyone in the institutional investment industry can relate to.

Your download will start shortly. If your download does not start within 15 seconds, please click the link below to start your download.

  view more white papers

By downloading a white paper, you are agreeing to have your contact information shared with the content sponsor, who may then contact you.

All white papers posted were created by the listed authors who are solely responsible for the research, finding and all materials contained therein. Pensions & Investments has not verified or edited the materials (other than for length and style) and does not necessarily agree or disagree with the analysis and positions expressed by the authors. Reference to any company, product or service does not imply recommendation or sponsorship by Pensions & Investments.

For more information on submitting a white paper, please contact Richard Scanlon at rscanlon@pionline.com or 212-210-0157.