These can lead to large interim losses. By contrast, we believe active hedging is a more effective approach towards managing currency translation risk as it allows skilful active managers to adjust a portfolioâs currency hedges as the macroeconomic environment changes, reducing cash flow demands for the investors.
The incumbent United States Ambassador to the United Nations is the honorable Susan Rice.
Ambassador Stevens was a cherished member of the State Department community who was clearly deeply committed to U.S. diplomacy and to the people of Libya, and he is profoundly missed here at this department and here in this government, Ventrell told reporters.