The global financial crisis has changed the way the world looks at risk, and the twists and turns in the currency market have certainly brought foreign exchange (FX) risk management higher up the agenda for many funds and businesses alike. Historically, private equity firms may have viewed FX moves as rounding errors.
Currency hedging: cashing in on special FX
In volatile markets, currency hedging can make a big difference to returns – and also help on the fundraising trail, write Philip Bowkley and Andrew Brock
