Currency Investment Management
We manage currency portfolios for institutional investors to achieve risk-mitigation and return-seeking objectives.
Contact usMillennium Global was founded in 1994 and is one of the world’s largest providers of institutional currency management services.
The firm manages currency programmes for institutional investors including pension funds, endowments, corporates & central banks and is a major participant in foreign exchange markets.
Millennium Global has been recognised as Currency Manager of the Year by the Financial Times, Pensions and Investment Providers Awards in 2019, 2020 and 2021.
Bn Group Hedged Assets*
Bn average volume traded**
Years in currency Management
Currency Manager of the year 2021 - PIPA Award***
Investment Management Solutions
Currency programmes are provided as managed accounts that are customised to individual client requirements.
Dynamic Currency Hedging
Adjusts currency hedges with the aim of reducing drawdowns and mitigating risk from existing currency exposures.
Learn moreActive Currency Overlay
Transforms existing exposures from international assets to improve risk-return characteristics.
Learn moreCurrency Alpha
Aims to deliver attractive, uncorrelated returns from the active management of foreign currencies.
Learn morePassive Currency Hedging
A cost-effective and operationally efficient programme designed to reduce or eliminate international currency risk.
Learn more"We believe that the foreign currency exposures embedded in international asset allocations should be managed to improve investors' risk/return outcomes, and that the foreign exchange market provides opportunities for specialists to generate uncorrelated returns."
Pierre Lequeux, Head of Investments
Recent Insights
Read our latest research, insights and news articles.
Managing Currency Exposures: The Danger of Doing Nothing
Nov 26, 2024The impact of currency exposures on international investments can be large in both return and risk terms. History is filled with examples of large negative impacts from unmanaged currencies.
Read moreManaging Emerging Market Currencies
Nov 26, 2024Severe bouts of currency depreciation have periodically caused large drawdowns in EM portfolios.
Read moreManaging a Currency Programme – The Mechanics
Nov 26, 2024How to On-board, Implement and Monitor a currency program
Read moreContact Us
Please submit your details below, and a member of our team will get back to you shortly.