BAI Webinar: Currency Risks in Private Assets

Jasper Duex, CIO and Holger Bang, CFA, Head of Portfolio Management explain the challenges that foreign exchange risks pose to investors in EUR-denominated private assets. They also explain the particularities that need to be considered and the extent to which currency hedging makes sense. This video is available in German.


Jasper Düx


As Chief Investment Officer, Jasper Duex is responsible for the development and implementation of the investment processes and has the global responsibility for the performance and the implementation. He has been designing and implementing FX overlays since 2003 and made a significant contribution to the development of currency overlay strategies in Germany.

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Holger Bang, CFA

Head of Portfolio Management

Holger Bang trägt als Head of Portfolio Management die Teamverantwortung für die Overlay-Lösungen sowie die Volatilitätsstrategien von 7orca. Er blickt auf mehr als 17 Jahre Berufserfahrung sowohl im Währungsmanagement als auch im quantitativen Asset Management bei deutschen und internationalen Finanzinstituten zurück. Vor der Gründung von 7orca war er als Head of Overlay bei Berenberg tätig. Holger Bang ist diplomierter Ökonom und CFA Charterholder.

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The strategy presented in this document for hedging currency risks (currency overlay management) is aimed exclusively at professional investors according to the German Securities Trading Act (WpHG) and can only be implemented for such investors (typically in a fund structure).

All assumptions, forecasts and disclosures are based on the standardised set-up of the active currency overlay management strategy, which was carried out at average market costs. Further information on this standard investment process can be found in the Generic RfP, which is available from 7orca Asset Management AG upon request. Due to the different investor needs and situations as well as the resulting  specific pricing, further individual costs for administration and custody are not taken into account. However, 7orca Asset Management AG will be pleased to provide you with a specific offer that reflects your individual requirements and conditions. The investment strategy of an active currency hedging has a trend-following character. It should therefore lead to the same results under the same market conditions.
Since market conditions repeat themselves regularly, but not in identical form, the hedge ratios and performance indicators listed in this document can illustrate the characteristics of our strategy. However, they refer to past price developments of currency pairs and are therefore not a reliable indicator of future results. All information in this document has been compiled to the best of our knowledge based on the data available to us. However, no civil liability can be assumed in this respect. References to specific financial instruments are purely exemplary and should under no circumstances be construed as recommendations in the sense of investment advice. A publication of 7orca Asset Management AG.


The content of our website is exclusively directed at professional investors in accordance with section 31a (2) WpHG. Therefore, we do not take the guidelines of section 4 WpDVerOV into account for the presentation of information for private clients. Thus, the contents detailed on our website are not suitable for private investors.

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