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Neil Record |
Few people know currency overlay – an industry always on the verge of maturing – better than Neil Record, chairman and CEO of Record Currency Management. According to Mercer Investment Consulting, the company he started was awarded the world’s first currency overlay mandate in 1985, when the Water Authority Superannuation Fund asked it to implement a dollar-based hedge.
Record, who has been doing his present job for 19 years, began his career at the Bank of England before moving to food manufacturer Mars, where he was a commodity price forecaster also responsible for currencies.
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