NEC hires JPMorgan for overlay

Increased foreign equities exposure requires a more strategic approach to currency hedging.
August 02, 2002

The Ñ661 billion ($5.5 billion) Pension Fund of NEC Corporation is now hiring JPMorgan Fleming as a currency overlay strategist to cover its burgeoning exposure to international equities, says Goichi Ohno, executive director in Tokyo.

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