Plimsoll steps into currency overlay

The move is in response to increased demand for overlay from a range of the fund’s existing clients, said Thomas Arnold, portfolio manager and partner at Plimsoll Capital in New Jersey.

The Canadian dollar, for example, has typically been seen as a weakening currency, said Arnold, so corporates in Canada have invested in offshore assets knowing that those currencies will continue to be stronger. But the Canadian dollar’s recent shift upwards has left exposures unhedged, he explained. Similar

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