Since the removal of the foreign property rule last spring, interest in currency management has steadily grown.

At a Toronto breakfast seminar Michael Victoros, FX and TAA Global Product Specialist, said there is opportunity for capturing alpha in currency trading. “A lot of people in the market aren’t looking for profit, so the market is very inefficient.”

If a plan sponsor is interested in currency management, it should sit down with its managers and consultants to discuss strategies, goals and guidelines. “There are better ways to manage currency,” says Victoros, “so it’s worth getting into the discussions with your investment managers and consultants.”

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