Foreign exchange market trading, let alone predicting currency movements, is often a fool’s errand. But while macro hedge funds had a great 2022, one didn’t need to be a rock star trader to make money. Given large Federal Reserve rate hikes and the energy market fallout from Russia’s war against Ukraine, traders only had to go long with the dollar and short with practically everything else. 2023 will be much tougher.
Central banks are reassessing foreign exchange reserves By Gary Smith Central bank foreign exchange reserves are high-profile, state-owned investments. It should not be surprising that in a more fractured geopolitical world, many nations will reassess how these assets are managed.
MEETINGS Global energy crisis: security, transition and investment Thursday 26 January, Roundtable This roundtable discusses the security implications of the global energy crisis, its potential to accelerate the green transition, how to scale up investment in clean energy and what governments can do to incentivise this.
ON DEMAND Jana Harvey on the debt outlook for EM sovereigns in 2023 Jana Harvey, senior portfolio manager in the emerging markets team at RBC BlueBay Asset Management, discusses the issuance conditions for emerging market sovereigns in 2022 and the outlook for the year ahead.
LATEST REPORT Global Public Pensions 2022 The 2022 edition of OMFIF’s Global Public Pensions paints a clear and stark picture of the fundamentally changed investment challenges facing the world’s biggest asset owners.
