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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 managed standalone currency mandates since the late 1980s – the longest continuous track record in the industry.

Today our 20-strong Currency Management Team based in London manages assets of more than £45 billion in pooled strategies and segregated mandates, making us one of the largest currency overlay managers in the world - with some of the most experienced names in currency markets working for us.

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.

Download the Managed Currency Plus Fund