Currency management
At J.P. Morgan Asset Management, we are able to offer the full range of currency overlay techniques to hedge unwanted currency risk. However we also encourage clients to treat global currency as a distinct and highly valuable asset class.
Uncorrelated alpha
Given the passive and inefficient nature of global foreign exchange markets, active currency management offers extensive opportunities for investors to generate attractive levels of alpha from these markets.
Furthermore, currency returns are uncorrelated from other asset classes such as equities and bonds, thereby providing highly valuable means to diversify risk.
World’s leading currency team
We have more than 30 years of experience managing currency exposures separately from underlying assets. We have offered stand-alone currency overlay since 1989, and our first client is still with us today. We believe that this is the longest continuous track record in the industry, reflecting the consistency of our performance and strength of our service.
We are responsible for the management of US$94 billion in currency exposure*. We have a full-time team of 22 people who focus exclusively on ensuring that our clients benefit from the best research, the best dedicated client service, the best execution and the best investment insights.
* Represents Total External and Internal. Data as at 30 June 2011
Proprietary research capabilities
Our in-house research capabilities are central to our success. Within the Currency Management Team, we employ a dedicated team of quantitative research analysts to develop and maintain our Tactical Currency Model.
At all times, this quantitative output is informed by qualitative judgements on economic trends, unexpected events and short-term currency movements, so we are always taking positions informed by both long-term trends and short-term events.
An easier way to access currencies
The JPM Sterling Managed Currency Plus Fund offers a rare opportunity to access investment opportunities in currency funds through a simple pooled fund - rather than a more complex segregated mandate.
Contact us
Peter Cazalet
020 7742 8503
Sue Curtis
020 7742 0140
Steven Peck
020 7742 5091
Alternatively, please contact your usual relationship manager.