Currency management under the microscope Many super funds have taken a battering from the volatility of the Australian dollar in the past 12 months, with the decision to hedge or not having a major impact on portfolio returns. Funds have also been undecided as to whether to employ active or passive management of currency and have been concerned about possible counterparty risks in their foreign exchange transactions.

Against this
backdrop, National Australia Bank is holding a major one day seminar in Melbourne on August 27 to
look at these and other aspects of foreign exchange from an investor’s point of
view. The seminar speakers include asset consultants, fund executives and fund managers
as well as currency experts. Attendance is by invitation only.