says James Bennett Jr., managing director of Greenwich Associates, who led a 12 - month survey of more than 100 institutional investors in the US on their use of
equity flow derivatives, a category that excludes structured products, through June 30 this year.
For the unhedged fund, currency exposure is typically unhedged however currency
derivatives may be used with
equity index futures in managing cash
flows or to manage active currency positions relative to the benchmark for risk management purposes.