January 27, 2021 When foreign exchange transactions executed for mutual funds, pension plans, and endowments don’t occur at the interbank rate, investors and beneficiaries lose out. A lack of oversight and a lack of transparency mean the costs of surprisingly wide FX spreads go unnoticed and undisclosed. To illustrate the point that seemingly sophisticated institutional investors are receiving remarkably poor executions on their currency trades, Lumint Corporation and New Change FX recently teamed to study the performance of hedged and unhedged share classes of …
Tag: FX
I’ve long been interested in foreign exchange and cross-border payments. Several years ago, a partner and I undertook a series of interviews with lawyers, bankers, small businesses, startups, and individuals with the intention of identifying an …