Zurich PFF discusses interest rates and currency risks

Article in "Investment Europe", May 2015

Lukas Riesen, head of Asset Liability Management and partner at PPCmetrics said that Swiss pension funds tend to hedge currency risks exclusively on the fixed income side, while they tend to neglect risks on the equity side. He concluded that rather than focussing on a specific asset class per se, investors should always consider currency risks within the overall portfolio.