Why Korean Pension Fund’s New Hedging Policy Supports Won
South Korea’s largest pension fund removed its cap on currency hedging last month, allowing it to exercise more heft in the foreign exchange market at a time of won weakness.
By Hooyeon Kim, Daedo Kim · Bloomberg Markets
South Korea’s largest pension fund removed its cap on currency hedging last month, allowing it to exercise more heft in the foreign exchange market at a time of won weakness.