How GPF, AIMCo deploy currency hedging to protect portfolios

The Government Pension Fund of Thailand (GPF) and Canada’s Alberta Investment Management Corporation (AIMCo) said it is a challenge to adapt their currency hedging strategies to the rising rate environment. Investment executives from both pension funds are conducting active currency risk management and adjustment to ensure meaningful risk-adjusted returns for their portfolios. “We have a 60% allocation to offshore assets. I don't think we would go beyond 60. I think the major ri…