This multi-contributor volume includes detailed analysis into the increasingly important areas of currency overlay and FX modelling - providing you with a range of practical solutions to common problems that have proved their worth time and again. it includes contributions from leading fund managers, overlay companies and investment/asset managers, including many of the most respected players in the field. It advises on the pros and cons of implementing a programme internally vs. outsourcing to a currency manager and additionally covers, currency risk and hedging, active vs. passive hedging, determining the hedge ratio, the design and implementation of a trading strategy, trading models and model building and testing.
Arun Muralidhar, Chairman and Founder of Mcube Investment Technologies LLC (www.mcubeit.com), has experience in and has written extensively on pension reform, asset allocation and currency management. He is also Chairman and Chief Investment Officer of AlphaEngine Global Investment Solutions (AEGIS), an SEC registered investment advisor, a subsidiary of Mcube. Both firms assist pension funds, foundations and sovereign funds in asset allocation, currency management and external manager oversight through customized investment advice and the award-winning AlphaEngine® technology.
Arun is the author of Innovations in Pension Fund Management, Stanford University Press, 2001 (translated into Japanese and Chinese). He is also co-author with the late Prof. Franco Modigliani on a book on reforming Social Security, titled, Rethinking Pension Reform, Cambridge University Press, 2004 and edited European Pension Reform, Luxembourg Institute of International Studies, 2007. His new book - A SMART Approach to Portfolio Management, Royal Fern Publishing - will be available in April 2011.
Arun has won awards for his articles in the Financial Analyst Journal and the Journal of Performance Measurement. Mcube was voted the best pension software provider by Global Pensions in 2008 and was nominated for the same award for 2010. Mcube has also been noted by Financial News in 2006 and was selected as one of the top 21 companies to influence the finance industry in the new millennium.
Arun has served as Managing Director at FX Concepts Inc (2001-2008), Managing Director/Head of Currency Research, at J.P. Morgan Fleming Asset Management (1999-2001) and prior to that, he was Head of Research and member of the Investment Management Committee at The World Bank (1992-1999). He is currently assisting the Government of Azerbaijan in the reform of its Social Security System. Arun has also written a number of articles on investment finance and risk adjusted performance measurement and is a frequent speaker at industry conferences globally. He has taught courses/delivered seminars at the MIT Sloan School of Management (for Prof. Modigliani), University of Tokyo (Center for Advanced Research in Finance), George Washington University (Masters of Science in Finance), Hitotsubashi University's Graduate School of International Corporate Strategy, Nomura School of Advanced Management and EDHEC. He currently serves on the Advisory Board for the Journal of Performance Measurement and Journal for Investment Management Consulting, and has served on the Board of the Journal of Asset Management. He holds a PhD in Managerial Economics from the MIT Sloan School of Management, and a B.S. from Wabash College.
