Strategies & Capabilities


Currency Management

The Exposure You Can’t Afford to Overlook

We understand the power of effective currency management to reduce risk and drive returns. Our rigorous, research-driven approach takes no shortcuts in unlocking the value of currency management.


Deeply Committed to Currency Management


At a time when many asset managers are pulling back from the asset class, we continue to expand our industry-leading capabilities in currency management.


$140B

AUM across 11 base currencies


390+

Client accounts globally


30+ Years

Since launching one of the industry’s first dedicated currency management teams


As of December 31, 2019


Why Investors Choose Us


With one of the industry’s deepest and most experienced currency management teams, we are committed to providing leadership at the crossroads of global asset flows.


Broad capabilities

  • Investment solutions across objectives (risk mitigation vs. return-seeking) and styles (passive vs. active)
  • Deep expertise across regions, including emerging markets

Objective thinking

  • Breadth provides objectivity that specialists cannot offer
  • Focus on determining the optimal approach for each currency and phase of the economic cycle

Innovative solutions

  • Access to real-time market data fuels research into new solutions
  • Work closely with clients to develop strategies, approaches and tools that are tailored to their objectives and regulatory requirements
  • Strategies that provide efficient exposure to emerging markets

Scale and stability

  • Global Systematically Important Financial Institution (G-SIFI)
  • Third-largest asset manager in terms of AUM
  • Robust infrastructure and risk controlsEarly signatory of the FX Global Code

Efficient, reliable execution

  • Global Systematically Important Financial Institution (G-SIFI)
  • Third-largest asset manager in terms of AUM
  • Robust infrastructure and risk controlsEarly signatory of the FX Global Code

As of December 31, 2019


Our Currency Strategies


Across developed and emerging markets, we have the solutions clients need to manage currency risk and harness it as a tool for shaping portfolios to support their strategic objectives.


Innovation Driven by Research


Examples of how we have used our access to real-time information across markets globally to develop thoughtful, innovative solutions include:

  • Created an emerging markets (EM) multi-factor strategy to provide investors a more efficient way to capture the EM risk premium and participate in the secular growth story.
  • Designed tailored hedging programs to avoid the unnecessary costs and cash flow issues associated with simply following a benchmark.
  • Developed country-specific reporting templates for new FX regulations.
  • Created tri-partite collateral management process to satisfy client requirements without affecting asset allocation.
  • Develop broad portfolio solutions for clients that integrate currency management into our investment capabilities across asset classes.

Our Team


Global Currency Management Team

We have been providing currency management solutions since 1989, and today we have 25 currency professionals across four continents.

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James Binny

Global Head of Currency

Simon Sukhaseume

Simon Sukhaseume 

Senior Portfolio Manager

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Aaron Hurd 

Senior Portfolio Manager

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Matthew Steinaway, CFA

CIO, Fixed Income, Currency & Cash

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Matthew Nest, CFA

Global Head of
Macro Strategies

Disclosures

Investing involves risk including the risk of loss of principal.

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The information provided does not constitute investment advice and it should not be relied on as such.
It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon. You should consult
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 1/31/2021