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.
The confirmation came several days after a business group, the Canadian American Business Council, expressed frustration over the delay. Canada's ambassador to the U.S., Gary Doer, sits on the group's board.