Windham began managing currencies for institutional clients in 1989. Today, in collaboration with State Street Corporation, we jointly manage about $23 billion in currencies for clients in Australia, Belgium, Canada, Germany, the Netherlands, New Zealand, Hong Kong, Switzerland, the U.K. and the U.S.

Our Currency Management product can be customized to meet the specific investment objectives of each client. Used as a hedging strategy, it controls the risk associated with a portfolio's exposure to foreign assets. We also manage currencies to enhance returns either as an overlay strategy or as a portable alpha strategy.

Our active management strategies are designed to capture the forward rate bias and simultaneously exploit currencies' time series properties.