Institutional portfolios are invested globally. Currency effects arise across asset classes, fund structures, managers and investment vehicles – through FX exposures, hedging costs, trading processes, liquidity requirements and reporting effects.
What matters is not only the stated investment currency, but the actual economic FX exposure in the portfolio context. 7orca makes this currency dimension transparent and establishes an institutional steering framework for analysis, strategy, implementation and reporting.
FX Management at 7orca comprises the following solutions and services. Depending on the question at hand, mandate objective and existing infrastructure, they can be mandated individually or combined into an integrated FX Management architecture.
| 7orca FX Management | |
|---|---|
| FX Consulting Establish a basis for decision-making. | FX Execution Implement FX trading processes robustly. |
| FX Structuring Develop structuring approaches. | FX Overlay Steer currency risks on an ongoing basis. |
Private Markets investments are an established part of institutional portfolios – yet their currency dimension is rarely managed as a distinct steering level. A stated fund currency often reflects the economic FX exposure only in part. 7orca identifies the actual exposure at the level of the underlying investments – the basis of institutional currency management for liquid and illiquid assets.
Key figures do not replace institutional due diligence. They do, however, provide insight into mandate volume, trading activity, data and analytical breadth as well as the operational foundation of 7orca FX Management.
23
bn EUR
Assets under Management
1000
bn EUR
Trading volume and FX Execution
200000
FX transactions
Execution experience in currency management
61
Currencies
Global coverage of currency allocation
803
Investments
FX look-through analysis across investment solutions
314
Asset managers
Connected managers across liquid and illiquid investments
The 7orca case studies show application situations from institutional FX management – from benchmark definition and exposure identification to execution structure, hedging logic, governance and reporting. The examples illustrate how 7orca analyses institutional questions, structures them and translates them into a basis for decision-making.
Since 2017, 7orca has focused on institutional currency management. For investors, the specialist solution is only one part of the assessment. The robustness of the partner also matters: an independent set-up, a clear ownership structure, reviewed processes and specialised teams create the basis for transparent collaboration aligned with the client’s objectives.
7orca combines the specialisation of an independent asset manager with the operational infrastructure required for institutional FX mandates.
Currency markets change under the influence of monetary policy, inflation, growth, geopolitical developments and market structure. For institutional investors, it is essential to understand what these developments mean for FX exposures, hedging costs and steering decisions.
7orca FX Research assesses these developments and supports portfolio reviews as well as strategic questions in currency management.
| FX Market Report | FX Insights | FX Market Dialogue |
| Ongoing assessment. | In-depth analysis. | Personal dialogue. |
Market reports, specialist articles and news bring together information on currency markets and developments in institutional currency management.
30.09.2026
FX Market Report Q3 2026 –
Interest rate hike cycle and global inflation risks.
The blockade of the Strait of Hormuz and the resulting rise in energy prices have exacerbated the monetary policy divergences between energy exporters and importers.
Global inflation risks have risen again, triggering a new cycle of interest rate hikes.
14.10.2022
Practice report.
Currency overlay for an insurance company.
- German-language article in Zeitschrift für Versicherungswesen, issue 20/2022 -
Complementing the anonymised case studies, a practice report in the German insurance journal Zeitschrift für Versicherungswesen documents a real mandate: in 2020, SV SparkassenVersicherung mandated 7orca as its dedicated currency overlay manager for all FX risks following a comprehensive provider due diligence. The article (in German) examines the motivation for implementing a central currency overlay.
30.04.2025
FX Overlay: an essential strategic component of modern portfolio management
- German-language guest article in Private Banking Magazin, issue 02/2025 -
The targeted management of currency risks is becoming increasingly important for institutional investors. In their guest article in Private Banking Magazin 02/2025, Jasper Düx and Holger Bang explain how FX Overlay strategies can help hedge currency risks and support portfolio structures. The article shows why active currency management is increasingly relevant within institutional investment strategies.
30.03.2026
Currency management as a value driver in Private Assets.
As Private Asset investments become increasingly international, currency risks are also increasing.
Around three quarters of globally managed Private Assets investments are managed by funds outside Europe. This has direct implications for the risk exposure and regulatory requirements of European investors.
29.10.2025
Uncertain currency – strategic steering and new market conditions.
In the October 2025 issue of portfolio institutionell, this German-language article examines how institutional investors are responding to the ongoing weakness of the US dollar and the growing importance of currency management.
The article shows how FX Overlay strategies can support the systematic steering of currency risks. Private Market investments are also moving more strongly into focus, as their international diversification creates new requirements for hedging and liquidity management.
02.03.2017
Institutional insights provide context.
Put facts into context, gain perspective.
In the News section, 7orca offers analyses, market reports and articles that provide insights into 7orca’s work and current developments in institutional currency management.
A personal exchange creates the basis for assessing currency effects, existing hedging approaches and relevant options in the respective portfolio context.
7orca’s FX specialists are available to institutional investors for initial discussions, analysis and specific mandate approaches.