Currency overlay
JP Morgan’s new way to trade FX overlays
Hybrid execution method allows clients to put dealers in competition via a single trading agreement
Clark and Bradley join Millennium Global
Currency manager makes senior hires as it expands global footprint
BNY Mellon opens Program Trading Desk in FX business reshuffle
Bank adds segregated execution desk to boost confidentiality for clients with high-level transactions
Record expands relationship with WisdomTree
The specialist currency manager will provide additional EM signals to the asset manager
Lalo swaps Deutsche Bank for Avalon
Christophe Lalo was head of currency overlay services at Deutsche’s global investment solutions unit for four years
EMFX plays small role in portfolio allocation
While FX provides low potential returns on a fully risk-adjusted basis, carry trade makes emerging market currencies more attractive
Northern Trust partners Lumint for FX solutions
The partnership supports further innovations in hedging programme management and analytics
Banks have huge opportunity to capitalise on balance sheets
Several banks have started to push into the currency management and overlay space to challenge incumbents
FX will shine amid hunt for absolute returns
In the hunt for yield, investors are waking up to the idea there is more to currencies than hedging
Millennium Global hires managing director for Asia
Former head of Overlay Asset Management for Asia-Pacific joins Millennium Global in London
Optim Invest launches as BNP Paribas IP exits currency management
D'Hautefort revives Overlay Asset Management as Optim Invest, says demand for currency management buoyant
Amundi signs MIM for currency account
Risk-on, risk-off markets boost demand for active currency management
Currency manager platforms expand coverage of CTAs
Multi-manager platforms are expanding coverage of commodity trading advisers (CTAs), as clients look to gain exposure to this rapidly growing segment, say platform officials.
Wiltshire County Council switches out Record for Berenberg Bank
More UK councils switch currency mandates to participate in sterling upside
Shake-up in UK council pension schemes’ currency mandates
UK local government pension schemes are focusing attention on currency exposures in overseas assets, resulting in a shake-up in currency mandates
Strategic currency hedging in emerging markets
When hedging currency markets, one should treat developed and emerging markets separately, as their behaviour can vary significantly, argues Edward Murray
FX Invest Middle East: Volatility is tough and unsustainable, say managers
Delegates at FX Invest conference in Dubai discuss Japanese intervention, the value of emerging market currencies and their outlook on volatility
Short volatility strategy pays off in August
Currency managers going short volatility in August would have been top performers, benefiting from a spike in volatility towards the end of July from the dual effect of the US and European sovereign debt crisis, according to research from Royal Bank of…
Intervention: friend or foe?
If the trend is your friend, is central bank intervention your enemy? The answer is not so clear cut, say Christopher Cruden and Purnur Schneider, not least because of the breadth of interventions, which challenges attempts at uniform analysis
FX Invest: Volatility trading comes up trumps in June
RBS research shows short-volatility strategy would have been top performer in June
FX Invest: Overlay Asset Management sticks with emerging markets
Overlay Asset Management’s Helie D’Hautefort talks to FX Invest about his firm's emerging markets strategies