Wall Street banks aim to serve Australia's growing pension funds for hedging overseas investments.
Wall Street banks, such as Bank of America, Goldman Sachs, and Citigroup, are competing to serve Australia's fast-growing pool of pension funds, which are seeking to hedge their large overseas investments. As Australia's pension assets are projected to reach $13.6 trillion by 2048, these banks aim to generate revenue by offering foreign exchange exposure management services to pension funds.
April 07, 2024
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