Currency Management

We are an independent currency management specialist delivering innovative, customized solutions to institutions globally. 

For institutional investors

$114B+

In currency assets under management*

50%

Increase in AUM since 2017*

30+

Years providing custom FX solutions*

Custom currency strategies calibrated to strike a balance between risk and reward

while remaining free from conflicts of interests associated with bank affiliated organizations or publicly-held firms.

“As more money is allocated overseas...

...investors are carefully evaluating their exposure to foreign exchange risk and looking for custom currency management solutions from an experienced and independent firm.”

Joseph Hoffman, CEO, Mesirow Currency Management

Solutions

RISK OVERLAYS

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PASSIVE AND DYNAMIC RISK MANAGEMENT

Customized solutions to manage unrewarded currency risk in international portfolios

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CURRENCY ALPHA

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CURRENCY FOR RETURN

Strategies that aim to profit from short- and medium-term moves in the currency market

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EXECUTION

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FIDUCIARY FX

An outsourced trading solution for asset managers and asset owners with focus on reducing transaction costs, improving transparency and enhancing operational efficiency

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Senior leaders

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Joseph P. Hoffman, CFA

Chief Executive Officer | Currency Management

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Headshot of Michael Zehfuss

Michael Zehfuss

Senior Managing Director | Currency Management

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Headshot of Richard Turner

Richard Turner

Managing Director | Currency Management

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Headshot of Uto Shinohara

Uto Shinohara, CFA

Managing Director | Currency Management

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Global principles

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UN PRI Signatory

Explore sustainability
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Global FX code of conduct

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Community engagement

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Strategic partners

Clients value our team’s accessibility, diverse perspectives and expertise. Across Portfolio Management, Trading, Operations and Client Management, we work to build longstanding, strategic client relationships that are further enhanced by our strategic partner relationships.

For more than a decade, Mesirow Currency Management has exclusively partnered with Perreard Partners Investment in Switzerland and Warakirri Asset Management in Australia to provide European and Australian clients with customized currency management services. These partners provide valuable in-market expertise, delivering locally-based service to Mesirow currency clients while committing to the highest standards in transparency, client loyalty and independence.

Regulatory Disclosures >

*Data as of 9.30.2022 unless otherwise noted. 

Mesirow Currency Management AUM is as of 9.30.2021 and reflects assets under management for both currency and management products (passive and active management) and alpha and macro products. Risk management product AUM reflects the total foreign currency portfolio exposure of passive and active clients' underlying portfolios allocated to the Currency Division of Mesirow. Alpha and macros product AUM reflect a client's total investment amount in the alpha and macro strategies of the Currency Division of Mesirow, which is calculated based on an annualized 2% volatility target. The current allocation to the currency sleeve of the Enhanced Core Plus Fund is a notional 10%. 

The information contained herein should not be construed as a recommendation to purchase or sell any particular security or investment vehicle offered by Mesirow . The information included has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. Any opinions expressed are subject to change without notice. Mesirow Financial Investment Management, Inc. and its affiliated companies and/or individuals may, from time to time, own, have long or short positions in, or options on, or act as a market maker in, any securities discussed herein and may also perform financial advisory or investment banking services for those companies.

It should not be assumed that any recommendations incorporated herein will be profitable or will equal past performance. Any stated performance results include the reinvestment of dividends and other earnings. Investment management services offered by Mesirow Financial Investment Management, Inc., an SEC-registered investment advisor.