FX Debate Part One: Alpha quest drives FX market growth
FX Debate: Executive summary Part One
FX Debate Part Two: The changing face of overlay
FX Debate: Executive summary Part Two
• Investors are taking increasing advantage of offerings that combine passive FX hedging and absolute-return strategies
• Highly leveraged FX funds are becoming increasingly prominent in the market
• Value-added investment strategies can spring as much from hedging existing risk as from taking on new risk
• Currency overlay strategies can shade imperceptibly into leveraged investments
• FX derivatives are gradually spreading from hedge fund investors to those seeking conventional hedging of risk
• Use of prime brokers, as opposed to custodians, is spreading to real money managers
• Best execution is hard to demonstrate in FX, but investor demand for benchmarking is meeting with a response
