Bridgeway does not hedge out currency exposures in their long-only international strategies because hedging is expensive and if investors want to diversify, they should diversify into both currencies and international equities.
normativepending
Speaker
Jacob PizorEvidence Quote
“my preference is not to hedge out currencies hedging out currencies are very expensive things to do um and I think that if an investor really wants to diversify they want to diversify into currencies and into International equities”
Source
Redefining Value Investing in a Magnificent Seven Dominated World | Jacob Pozharny— Excess ReturnsCreated: 8/11/2026, 7:46:05 AM
My Notes
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