11 August 2011 17:25
Countries buy foreign exchange to suppress their currencies. That’s a surprising result given that the won is supposed to be a market-set exchange rate, whereas China’s is a managed float.
So why not make currency manipulation as easy as possible to keep the chaebols happy by ducking developed status for as long as it suits?
chaebol, economy, emerging markets, Financial Times, global markets, market, South Korea
An idea that started with a conversation in New York has led to Hamilton Wealth Partners opt for an outsourced chief investment officer (OCIO) arrangement. The firm’s founder and chief executive, Will Hamilton, says he believes the payoff will be in better returns, improved client experience and increased advice capacity within the business.
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