FX FX MANAGERS Alessio de Longis
Vice President, Portfolio Manager at OppenheimerFunds interviewed by JW Partners for FX Trader Magazine
INTERVIEW
Alessio de Longis tells us about the dynamic environment which encompasses currency trading and presents how his Oppenheimer Currency Opportunities fund works – by continuously adapting to changing currency market conditions. While a systemic approach can be profitable for a while, the market switches and presents traders with various different conditions – debt crises, interventions, “currency wars” – one would have a hard time using a single strategy in all these conditions.
FXTM How long have you been trading foreign exchange for and what first attracted you to this industry? Tell us about your career evolution?
AL My career started here at OppenheimerFunds in 2003, when I joined as an Intern from graduate school. I was hired in the research department of the Global Debt Team to develop an econometric model for
the US balance of payments.
Te objective was to develop a solid framework to understand and forecast developments in US trade and capital flows as a result of macro trends in domestic and global demand, exchange rates and interest rates. Te major focus of my academic studies was in international economics and econometrics, so this opportunity represented a perfect fit with my interests. In early 2004 I was hired as a Research Analyst for the team. I spent
52 FX TRADER MAGAZINE July - September 2013
Manager Strategy Location
OppenheimerFunds
Oppenheimer Currency Opportunities Fund New York
Assets Under Management $52mln as of 4/30/13 Type
Instruments Traded Currencies
Discretionary implementation. Informed on both fundamental and systematic research.
T-bills, forwards, options G10, EM and fontier
the following 3-4 years performing qualitative and quantitative research to inform investment decisions in G10 sovereign fixed income and currencies. Ten, over the next 3 years, my investment focus shiſted more towards currencies, concentrating my research efforts in combining fundamental macroeconomic analysis into a systematic process aimed at generating currency investment decisions. Tis process was then used as a complementary currency overlay strategy in our international
fixed income portfolios. Finally, over the last three years I have performed a dual role of portfolio manager for the Oppenheimer Currency Opportunities Fund and senior currency strategist for the Global Debt Team.
FXTM What do you particularly like about your job?
AL I
like the ongoing exposure to
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