Archive News (2011)


12/12/2011 FX Week: EM currencies require prudence

Record Currency Management CIO Bob Noyen argues that markets need time to transition to stable equilibria, and that investors should therefore be wary of rushing into new currencies.

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24/10/2011 Pensions Week: Books on the crisis

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17/10/2011 Financial News: Greece and the drachma

Neil Record discusses a possible fracture of the Eurozone if Greece were to re-instate the drachma.

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03/10/2011 Financial Times: Custodians making excessive FX profits?

Record Currency Management argues that custodians may be excessively profiting from their clients FX trades. It argues for increased transparency in FX transactions through time-stamped tramps and regular audits of FX execution. 

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03/10/2011 Currency Investor: Active currency strategies

In the latest issue of Currency Investor, Neil Record discusses various currency management strategies and the latest developments in the market. 

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02/10/2011 Financial Times: Avoid completely passive strategies

James Wood-Collins, CEO of Record, discusses the different opportunities there are for investors in currency markets. 

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02/10/2011 Financial Times: Why you should hedge currency risk

There is increasing evidence that pension funds should hedge parts of their international portfolios as currency movements can make a significant contribution to overall portfolio volatility.  James Wood-Collins, CEO of Record, argues that the case for hedging developed fixed income funds is very strong. 

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26/09/2011 Investment News: Euro currency concern

James Wood-Collins states that Record's clients are increasingly concerned about the impact that the Euro crisis may have on their portfolios. 

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15/09/2011 Funds Europe: EM currencies as an asset class

Record CEO James Wood-Collins talks about the significant contribution that currency makes to EM equity and bond returns.

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12/09/2011 FX Week: Taking stock of 2011

Record CEO James Wood-Collins reviews how 2011 has been for the buyside thus far. 

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12/09/2011 Financial Times: Movers and shakers

Chris Adair has joined Record as its Americas head.

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07/09/2011 Reuters: The Swiss franc and the SNB

Record CEO James Wood-Collins discusses the Swiss Franc and the Swiss National Bank on Reuters TV. 

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29/08/2011 Parkiet: Is the Czech koruna a new haven?

Record CIO Bob Noyen argues that the Czech Koruna may be a new safe-haven currency as events in the Eurozone worsen. 

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18/08/2011 Bloomberg: A safe haven in the Czech Koruna?

The Czech koruna could be one of the next havens if Europe's debt crisis worsens, argues Bob Noyen, CIO of Record Currency Management. 

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15/08/2011 Reuters: A shift in currency for return demand

Record Currency Management expects more investors to pull money out of carry based strategies in the short term; however, it sees new investment opportunities in the ongoing eurozone crisis.

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25/07/2011 Investment Week: Are there risk premia in currency markets?

Javier Corominas, head of economic research at Record Currency Management, argues that risk premia can be found in currency markets.

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04/07/2011 Currency Investor: The state of the currency market

The latest published survey of the FX and derivatives market from the Bank for International Settlements (September 2010) confirmed that over $4 trillion is traded on currency markets daily. Currency continues to be the most liquid and tradable asset market in the world, with daily turnover estimates to be more than seven times that of global equities.  Certain patterns emerge from the survey: the continued rise of emerging market currencies and slow decline in the market share of the US dollar, a concentration in the geographical distribution of trading and the increase in volume of conventional instruments (largely attributed to the rise of algorithmic and online platform trading).  

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27/06/2011 HedgeWeek: Record launches new fund

Record announces the launch of its Euro Stress Fund, which aims to exploit Eurozone weakness.  

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21/04/2011 Pensions Insight Online: Making the most of currency in a portfolio

Currency is an asset class that can be used for return and as well as risk reduction. Currency risk has historically been managed passively; however, recent market conditions suggest that there may be a case for more active hedging.  

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13/04/2011 P&I: Impact of currency volatility

James Wood -Collins, CEO of Record Currency Management, discusses how US investors are more exposed to currency volatility because of their increased allocations to international equities and what they can do about this. 

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04/04/2011 Financial Times: The currency investment environment

Currencies are becoming a more attractive asset class to investors. Fund managers believe that there are structural inefficiencies in the market which allow profits to be made. Neil Record, Chairman of Record Currency Management, argues that currency should grow as an asset class as the global economy normalises. 

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01/04/2011 IPE: Does Whitehall now control monetary policy?

Neil Record argues that the Bank of England is biased towards low rates and is concerned about what this may mean for the UK economy. 

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31/03/2011 Reuters: Asset Allocation

Record CEO James Wood-Collins recently spoke to Reuters' Axel Threlfall on asset allocation.

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14/03/2011 Engaged Investor: looking after your pounds through hedging

There are two ways that currency management can affect an investment portfolio: to hedge or protect the value of foreign investments or as an outright investment. Currency is increasingly viewed as an asset class and James Wood-Collins, CEO of Record, argues that emerging market currencies offer investors a source of return.

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27/02/2011 Financial Times: Emerging market currencies

Investors are increasingly viewing currency as an asset class. James Wood-Collins argues that much of the return from emerging market assets come from its currency performance and therefore emerging market currencies offer an investment opportunity. 

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29/01/2011 Financial Times: The case for currency as an asset class

The carry trade is often seen as destabilising to financial markets; however, Neil Record argues that it can be seen as an investable asset class. He believes that there is an economic reason for the carry trade existing and that it offers a sustainable source of return over time.

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17/06/2010 IPE: Currency as a source of return

Neil Record argues that while taking a random currency exposure is unrewarded, a currency risk premium exists to encourage investors to invest in economies with current account deficits. 

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