Media

Jungste Nachrichten (2017)

DateHeadline

02.02.2017 European Pensions: Swiss Pension Funds look for improvement

An ageing population, generous pension conversion rates and negative benchmark bond yields have all added to the worries of Swiss pension funds. Although many Swiss schemes are well funded, Swiss pension funds are now looking to other ways of increasing their pension contributions. Jan Witte, Director of Quantitative Research and James Wood-Collins, CEO at Record, both identify a need for Swiss funds to diverse their investment portfolios to meet future liabilities.

 

02.02.2017 European Pensions: Pension funds look to currency hedging

With impending elections across Europe, sterling depreciation and the rise in the dollar, pension fund investors are now starting to look to minimise the potential currency volatility in their portfolios. As we move into 2017 pension funds are looking at both passive and active currency strategies to minimise the impact of foreign currency depreciation on their assets. James Wood-Collins, CEO at Record, talks about the importance of strategies that look to both reduce risk, whilst adding value over time.

23.01.2017 P&I: US Currency Hedging Considerations

With the current dollar strength, currency hedging is increasingly becoming a consideration for US investors. Many investors do not take currency hedging into consideration, especially when it comes to long-term investments. On the other hand, some investors view currency as a risk which should be managed and can potentially add value to a portfolio. James Wood-Collins, CEO at Record, says he has seen increasing interest from US investors who seek both risk reducing and risk rewarding strategies.

For the rest of the article, click here.

 

23.01.2017 Professional Pensions: Currency hedging considerations

Further volatility and depreciation of Sterling could cause even more pain for statically hedged investors. With Sterling approximately 37% lower than 10 years ago, investors should begin to consider the ‘neutral’ hedging position of their portfolios. James Wood-Collins, CEO at Record, comments on the need for the proper expertise when investors look to make decisions on their hedge ratios given the potential for future sterling volatility.

For the rest of the article, click here.

16.01.2017 FT: Malpractice in the FX market

Prosecutors in the US are still investigating many currency traders at major banks who attempted to rig the FX rates in the banking industry. Three years on from the benchmark manipulation scandal, regulators are still dealing with issues from the past. James Wood-Collins, CEO at Record states that markets must remain vigilant in their approach to managing malpractice.

For the rest of the article, click here (subscription required).

 

16.01.2017 The Business Times: Currency Uncertainty

Trading in the US dollar was mixed last week as data releases and doubts around whether Trump could deliver his promised economic stimulus dominated thought. The value of the pound sterling also fluctuated a lot, though settled a little on Friday, as Prime Minister Theresa May spoke about the nature of Brexit.  Javier Corominas, Head of Economic Research and FX Strategy at Record, commented that the uncertainty surrounding Brexit is likely to last for a long time.  

For the rest of the article, click here.

13.01.2017 Reuters: Sterling falls against the Euro to 3-month low

Prime Minster Theresa May hinting that the UK would be sourcing a 'hard Brexit' has helped sterling fall to a 9-week low against the euro. The currency movement against the euro has been largely fuelled by political uncertainty. Javier Corominas, Head of Economic Research and FX Strategy at Record, commented that a lack of clarity in political decisions surrounding Brexit and expected future volatility isn’t helping to quell trader’s sentiment.  

 

For the rest of the article, click here.

12.01.2017 Best Execution: Currency - What to expect in 2017

Regulatory challenges, breakdown in interest rate parity and inconsistent monetary policies will all play crucial roles in the FX markets this year. A lack of clarity between regulators looks to create many challenges, especially with the introduction of OTC derivative margining. James Wood-Collins, CEO at Record comments on the potential impact of divergent monetary policies and regulatory changes as we continue into 2017.

For the rest of the article, click here.

12.01.2017 Reuters: Trump's helps to cause Dollar decline

Lack of clarity around President-elect Donald Trump's fiscal spending policies has helped drive the dollar to a recent low against other major currencies. In addition, Trump’s recent press conference performance has failed to produce investor confidence. Javier Corominas, Head of Economic Research and FX Strategy at Record, commented that European Central Banking policy may have a detrimental impact on dollar appreciation.

For the rest of this article, click here.

09.01.2017 P&I: Currency Markets in 2017

Britain voting to leave the EU, the resignation of Prime Minister Matteo Renzi in Italy and the unexpected election of Donald Trump as US President has helped to create opportunities for currency investors looking to benefit from highly volatile events. Moreover, investors looking for uncorrelated strategies may look to unfunded currency returns as a source of investment. James Wood-Collins, CEO at Record, identifies some of the currency strategies that return-seeking investors could utilise as we move into 2017.

09.01.2017 P&I: What to expect in the US

Expectation of higher interest rates and potentially greater inflation rates could cause harm to bond investors in the US. In addition, changes in US monetary policy could impact pricing in the treasury market, causing more investors to look to equities as sources of return. James Wood-Collins, CEO at Record, talks about the benefits of dollar hedging in a bullish US market. Furthermore, James comments on the potential risks to foreign asset investors that a strengthening dollar could pose.

09.01.2017 P&I: Implications of new clearing regulations

New European Market Infrastructure Regulations on the central clearing of derivatives trades could cause issues for pension funds lacking the cash or liquid assets required for initial and variation margining. As a result, firms are looking to utilise methods such as equitisation, tri-party repo and money market funds as a way of creating the cash required to meet future regulatory requirements. Data from Record Currency Management helps to identify the amount of collateral a pension fund may need in order to meet impending margining rules.

For the full article, click here.

Important Information

The information contained on the pages of this website should not be considered as an offer, or solicitation, to deal in any of the investments or funds mentioned herein, by anyone in any jurisdiction in which such offer or solicitation would be unlawful or in which the person making such offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make such offer or solicitation.

The funds mentioned on this website are not registered under the United States Securities Act of 1933, nor the United States Investment Company Act of 1940 and therefore may not directly or indirectly be offered or sold in the United States of America or any of its states, territories, possessions or other areas subject to its jurisdiction or to or for the benefit of a United States Person.

The information on this website is only intended for Professional Investors, including regulated financial intermediaries such as banks and securities brokers (and their clients who have signed discretionary asset management agreements), regulated insurance companies, government or public authorities, corporate treasurers and financial advisers.

Past performance is not a guide to the future. Market and exchange rate movements may cause the capital value of investments, and the income from them, to go down as well as up and the investor may not get back the amount originally invested. Tax treatment depends on the individual circumstances of each investor and may be subject to change in the future. You should obtain specific professional advice before making any investment decision. Shares in the funds described here are not available for sale in any jurisdiction in which such a sale would be prohibited. Accordingly the information on this website is not available for distribution in any jurisdiction where such fund has not been approved for sale. Subscriptions for investment in any fund mentioned on the website may only be made on the basis of the relevant prospectus and most recent annual financial statements.

Please note that access to third party websites provided by hyperlinks to the sites issued by Record Currency Management are beyond the control of Record Currency Management. Accordingly, Record Currency Management accepts no responsibility for the accuracy, completeness and legality of the contents of such third party websites or for any offers, services and products contained therein. You will be entering and accessing any third party website at your own risk.

Record Currency Management does not warrant the accuracy, adequacy or completeness of the information and materials contained on this website and expressly disclaims liability for errors or omissions in such information and materials. Any research or analysis used in the preparation of the information has been procured by the Record Currency Management for its own use and may have been acted on for its own purpose. Some of the information on this website may contain projections or other forward looking statements regarding future events or future financial performance of countries, markets or companies. These statements are only predictions, opinions or estimates made on a general basis and actual events or results may differ materially. No information on this site constitutes investment, tax, legal or any other advice.

Neither Record Currency Management nor any of its servants or agents have given any consideration to nor have they or any of them made any investigation of the investment objectives, financial situation or particular need of the reader, any specific person or group of persons. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of the reader, any person or group of persons acting on any information, opinion or estimate contained on this website. Record Currency Management reserves the right to make changes and corrections to its opinions expressed on this website at any time, without notice. The value of investments and the income from them may fall as well as rise and investors may get back less than the amount invested.

I have read the terms set out above and confirm that I am a Professional Investor and wish to proceed.