He said it was "illogical" not to hedge the low-volatility, high-income asset classes of fixed interest and infrastructure, but beyond these said that currency exposure should be looked at in terms of a client’s "overall exposure".
Alternatives
The chief investment officer of the $150 billion industry super fund says that Hostplus’ portfolio will weather the ongoing downturn in software companies and that moves by a number of large private credit managers to gate their funds are a result of the asset class being offered to retail investors who should not have assumed the funds would be liquid enough to get money out when everybody else is trying to do the same.
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