Forex freefall

Asia Risk FX Review & Outlook 2009 - Funding

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Liquidity risk is a major concern for the A$1 trillion ($680 billion) Australian superannuation industry, which manages the country's retirement assets. After a year of negative returns for the sector, and with individual members shifting from relatively aggressive investment options into more defensive, cash-based investment schemes, superannuation fund managers are keen to make sure they have adequate reserves. That is increasingly difficult, due to the growing illiquidity of assets previo