How do you solve a problem like the lira?
Asset managers diverge in their approach to managing Turkish currency turmoil as FX hedging costs soar
For nearly two decades, Dominic Bokor-Ingram, a London-based senior portfolio manager for frontier markets at Fiera Capital, has been investing in and out of Turkish equity markets. But over the past four weeks he sold everything – about $35 million worth of Turkish assets, which represented about 7% of the firm’s Eastern Europe fund.
Bokor-Ingram says he simply no longer sees a way to manage the
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