AustralianSuper is running a review of its currency management, to determine if there’s merit in moving to a more active position.

The review is being run by senior investment manager Peter Curtis’ team. He said the $30 billion fund currently has a strategic benchmark of 17.5 per cent for its offshore currency exposure, which is passively maintained by State Street Global Advisors. “;We’re in the very early stages of preparing a report, testing the claims of managers who tell us they can add value through an active approach to currency,”; Curtis said. AustralianSuper maintains a fully-hedged position for longer-dated offshore currency exposures, through asset classes such as property and infrastructure.

Leave a comment