PT - JOURNAL ARTICLE AU - Stephen Gorman AU - Edward Qian AU - Ronald J Surz TI - International Benchmarks AID - 10.3905/joi.2000.319420 DP - 2000 May 31 TA - The Journal of Investing PG - 53--62 VI - 9 IP - 2 4099 - https://pm-research.com/content/9/2/53.short 4100 - https://pm-research.com/content/9/2/53.full AB - The question of policy level currency exposure continues to generate discussion in the pension management community. Too often, plan sponsors relegate the issue to unhedged (and, less frequently, hedged) benchmark absolutisms. The authors convey their belief that strategic asset and currency positions should be determined separately, and that a partially hedged benchmark generally represents a prudent alternative to the widely used unhedged benchmark.