Touche Ross Study of Institutional Investor Views Draws Criticism From U.K. Corporate Treasurers

CORPORATIONS

Accounting and consulting firm Touche Ross published a study this week that shows U.K. institutional investors disapprove of many corporate foreign exchange hedging activities and policies. But treasury officials at major British companies who have seen the survey results claim the Touche interpretation is flawed and some of the questions biased.

The Touche survey, carried out in September by the firm's treasury advisors, asked six questions of officials at some 40 institutions representing over

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