Typical exposures

Hedged share classes, portfolio level currency exposure, overlay mandates, and the interest rate and commodity exposure held inside the funds themselves.

Who we work with

Chief investment officers, portfolio managers, heads of operations and the risk and oversight functions responsible for the executing counterparty.

How we advise

We review the hedging method and its operational calendar, measure execution against independent market data, and provide the oversight evidence that a delegated overlay arrangement needs.

What good looks like

Tracking error attributable to the hedge that you can explain, execution cost measured rather than assumed, and oversight records that satisfy the board and the depositary.

Example engagements

[CASE STUDY PENDING]