Fixed Income

The new defensive: Is there life after bonds?

Investors are facing some deeper thinking about defensive asset classes, portfolio diversification and income generation in light of the diminished attributes bonds now hold in light of unique circumstances financial markets are throwing up. Experts discuss the evolving environment and consider relevant defensive strategies.
Hedge Funds

When a currency hedge is not a hedge

Surprisingly little research has been done in the area of how a superannuation fund should hedge out its foreign currency exposure, says Robert Goodlad, former senior managing director of State Street Global Advisors. As superannuation funds continue to invest more internationally, it is vital that more research be conducted to find better solutions to manage […]
Hedge Funds

Currency management strategies in Australia

A career spanning more than 40 years in the finance industry has taught Mark Johnson, senior adviser at Gresham Investment House, to appreciate the almighty influence of currency on Australia’s fortunes. “Currency dominates the Australian economy,” Johnson says. “It’s the number one background issue.” It’s an issue, too, that has persisted through the pre-float era […]