Daiwa Bank has appointed OSV Partners as currency overlay manager to an initial $1bn (of its pension assets.

This is a good appointment for OSV Partners, the currency manager of Boston-based United Asset Management (UAM). The mandate could be extended further. Daiwa's pension fund client base invests $34bn outside of Japan.

Daiwa Bank appoints currency overlay manager

Pirkko Juntunen

Daiwa Bank

Old Mutual

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