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.
U.S. President Barack Obama has nominated Bruce A. Heyman, a partner at Goldman Sachs in Chicago, to be his country's ambassador to Canada. CBC News first reported in April that Obama had picked Heyman, who is also a top political fundraiser for the president, for the Canadian post.