Mitt Romney
President Romney Trust Traded Foreign Currency
- 09-27-2012
- 32
Mitt Romney's 2011 trust return shows fast-paced trades of foreign currencies, including the Swedish krona, Norwegian krone, Canadian dollar, and Austrian dollar. The majority of the currencies were acquired on August 19 and sold shortly thereafter on the 23rd and 24th, indicating that Romney's trust managers could have used currency hedges to create gains or losses on foreign stock holdings.
The trades came at one of many moments of concern about European banks. It's unclear why Romney was swapping foreign currencies, but the transactions stand out as another curiosity within Romney's lengthy 2011 returns, released by his campaign last Friday. The GOP candidate's trust is managed for him by Boston lawyer R. Bradford Malt, and Romney characterizes it as a "blind trust, " though he has given Malt general instructions to trade in accordance with his public political stands.
Company: Mitt Romney
Country: USA
Site: mittromney.com