There is a real need in investment management for improved strategies that protect investors from currency risk. It is also crucial there is a greater understanding of currency hedging by financial advisors, investment managers, portfolio managers, traders and the investors they serve. There is a prevailing mentality around currency hedging in all asset classes that little can be done to make it better. This is simply not true.
To help convey the inspiration for this book, I will start at the end rather than the beginning. Once you’ve consumed this book fully, there should be the realisation that if your company is not applying technology at the design and planning stages of everyday operations, you are falling behind fast. This is especially the case where hedging currency risk is concerned.
In the area of technology, the financial industry has been lagging for years. Although things have started to change, when it does so properly then this change will happen rapidly. Naturally, those who adapt and keep up will be provided with competitive advantage, while those who see technology merely as a cost centre will continue to lag behind. To demonstrate this,