South Korea’s Pension Fund Starts FX Hedging After Swap With BOK
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000The Bank of Korea complex in Seoul.South Korea’s state-run pension fund has activated a foreign-exchange swap agreement it recently signed with the Bank of Korea, according to a person familiar with the matter.The National Pension Service also started currency-hedging transactions with the central bank this week, the person said, who requested anonymity because they’re not authorized to speak publicly. They didn’t specify whether the hedging was tactical or strategic.