RBA's Hauser warns super funds of $1tn FX riskBY ELIZA BAVIN | WEDNESDAY, 17 SEP 2025 12:17PMReserve Bank of Australia deputy governor Andrew Hauser said super funds must adapt to manage their growing foreign exchange exposures. Related News |
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Judith Fiander
CHIEF EXECUTIVE OFFICER
AUSTRALIAN PHILANTHROPIC SERVICES
AUSTRALIAN PHILANTHROPIC SERVICES
When Judith Fiander first walked in the doors of Australian Philanthropic Services her intention was to volunteer for a few months. Fast forward 14 years and she is the chief executive. Eliza Bavin writes.
My experience is that the RBA's comments in this article are ill informed, and certainly wide of the mark.
All superannuation funds have significant offshore holdings of illiquid and fixed interest investments (Bonds, Infrastructure, Private Equity, Credit, etc.) all of which are 100% hedged back into AUD. So, while only a minority of listed overseas equities are hedged, a large proportion of overseas assets are hedged.
Further, all superannuation funds already have strong liquidity management programs in place which take into account hedging requirements.
The risk management processes in Australian Superannuation funds are far more sophisticated than the RBA seems to appreciate.