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Forex freefall

The collapse of the Australian dollar against the greenback in the past three months has exacerbated the funding pressures being placed on Australia's superannation funds. Rachel Alembakis reports

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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

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