CIBC Asset Management has launched the CIBC Active Global Currency Pool for institutional investors seeking an uncorrelated source of alpha in a liquid, absolute-return solution for their alternatives portfolios.
“We are excited to launch the CIBC Active Global Currency Pool, which leverages our 20-year track record managing active currency strategies for institutional investors,” says Doug MacDonald (pictured), CFA, Managing Director & Head, Institutional Asset Management, CIBC Asset Management. “Capitalising on our deep expertise and unique approach to currency management, the Pool is designed to diversify a plan’s risk profile and deliver liquidity to an alternatives portfolio that is typically dominated by illiquid holdings.
CIBC Asset Management’s currency team consists of nine dedicated investment professionals with an average 20 years of experience and currently oversees approximately USD30 billion in assets under management as of 31 March. While the team has been managing this strategy since 1996, the launch of the CIBC Active Global Currency Pool makes the strategy available in a pooled vehicle to institutional investors.
“Our approach to currency management is unique,” says Luc de la Durantaye, CFA, Managing Director, Head of Asset Allocation and Currency Management, CIBC Asset Management. “Starting with robust quantitative models, we then integrate our seasoned judgment backed by qualitative, fundamental research to deliver consistent alpha over time. Our team of dedicated regional research analysts adds to the depth and breadth of the currency universe we cover, which currently includes 32 currencies in both developed and emerging markets. This breadth gives us more alpha opportunities while helping us to better manage risk for our clients.”