Confession time: Beating around the hedge

The weaker currency is expected to lift most boats. But a few could leak the early gains in hedging losses.

Confession time. The downgrades have been coming thick and fast in recent months and could reach a crescendo in the next few weeks, ironically because of the drop in the Australian dollar.

Craig Dunn was at it this morning but for more traditional reasons. AMP appears to be to doing it tougher than first thought. The marriage with AXA was supposed to drive efficiencies and lower costs.


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