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Energy firms turn to overlay

Energy companies face a tough future over pension provisions – a problem that could well exacerbate credit deterioration. Paul Lyon finds that innovative use of currency overlay could provide some form of refuge

ABN Amro will hold a currency conference in Washington, DC on June 12. This isthe second time in the past year that the Dutch bank has sought to educate pensionfunds about the need for active currency management. But this time, ABN is seekinga different audience and has invited pension fund representatives from US energyfirms. Such companies would do well to learn about the benefits provided

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