"If we get back to the heady days of selling GBP2 billion in life bonds, it might be time to rethink [hedging the guarantee]."--Hugh McKee, savings and investments director at Prudential in Sterling, explaining why the fund manager is taking the risk of writing a capital guarantee on a multi-asset fund.
"If we get back to the heady days of selling GBP2 billion in life bonds, it might be time to rethink [hedging the guarantee]."
