Hedge funds’ pricing often trumps other buy-siders – SNB
Research shows “advantageous” prices result in outperformance of 139bp trading USD/CHF
Hedge funds are likely to receive more “advantageous” pricing than other buy-side client types and their flow can have more impact on exchange rates, a study from the Swiss National Bank (SNB) has revealed.
The working paper, which investigates the role of hedge funds in the Swiss franc market, found they are better positioned to leverage “informational advantages” over asset managers, insurance firms and pension funds.
These advantages include expertise in foreign exchange forecasting and best
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