Our dedicated currency specialists employ fundamental research to identify opportunities across both developed market and emerging market currencies.
We apply a fundamental approach to currency management across the G10 currencies, the most widely traded currencies, as well as a range of emerging market currencies where we seek to take advantage of market themes, dislocations and perceived mispricings. We believe currency markets are inefficient and that some of these inefficiencies may be exploited using fundamental economic analysis and market knowledge.
The team primarily relies on in-house economic analysis. This analysis combines global macroeconomic developments and country-specific idiosyncratic factors. Our research process includes both theoretical and field research, such as country visits and meetings with policy makers. We layer in technical considerations, such as market positioning, to arrive at investment ideas from a holistic perspective.
Specialized and comprehensive approach
Our specialized Fundamental Currency team pursues a team-based approach to decision-making under unified leadership, based on a common set of investment criteria and goals. This approach has ensured the consistency and continuity of our investment process over time and provides a performance track record for which the team - rather than any particular individual - is responsible. The Fundamental Currency team also has immediate access to wider GSAM resources and expertise, such as our Rates, Emerging Market Debt and Commodities teams, which can provide essential inputs into our fundamental currency views.
Access to liquidity
Currency is a large and deeply liquid asset class, and may provide investors with added liquidity.
For more information, please contact your GSAM relationship manager