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.
AUM across 11 base currencies
Client accounts globally
Since launching one of the industry’s first dedicated currency management teams
As of December 30, 2020
Why Investors Choose Us
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
- 268,000+ FX trades totaling $1.4T in market value in 2020
- 15 banks in our panel of counterparties
- 24-hour trading capabilities
As of December 30, 2020
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.
