MONEY MANAGERS ARE returning to the markets this January full of fear. They can’t afford to lose more, but where are this year’s returns to be found?
Ask any investment consultant and you will be told that expert currency management means less risk and, yes, added alpha. Good, stable performance, just what the doctor has ordered, is possible with currencies.
Investors have tended to scoff at the notion of currencies as return-generating assets. But now that may be about to change.
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