Vanguard, JP Morgan Asset Management and BlackRock are the largest buy-side users of foreign exchange forwards among European investment funds, with HSBC the top dealer, according to exclusive new data from FX Markets’ Counterparty Radar service.
Unlike US mutual funds and life insurers, which report quarterly in a predictable format, European Ucits funds’ position and counterparty information is buried in unstructured PDFs released half yearly. But after utilising machine-learning techniques to scrape and aggregate the data, Counterparty Radar was able to analyse the…
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