FX MANAGERS
global macroeconomic events; understanding the complex dynamics and interrelation of economic and social developments, and their repercussions on a global scale. Every day I am exposed to a highly dynamic environment where intellectual capital is put to work to understand complex situations, finding solutions and making actionable decisions. I enjoy working together with very intelligent, driven and intellectually curious individuals. Learning never ends. While this may seem overwhelming at times, that desire to learn new things and succeed is the main driving force in my day to day.
FXTM In which way is trading currencies different from trading other financial instruments?
AL Currency markets are very deep and liquid, with the largest amount of daily turnover than any other asset class (about $4trl/day), and they are mostly traded via over the counter (OTC) derivatives such as forwards and options. Unlike other asset classes, currencies trade 24 hours around the clock, representing one of the most liquid vehicles to express global macro views.
FXTM When and how was the company born?
AL OppenheimerFunds, Inc. has been helping
investors achieve their
financial goals since 1960. We are one of the nation’s largest and most respected asset management companies. Te company was formed in 1960 as an affiliate of the brokerage firm Oppenheimer & Co, Inc., but is now majority-owned by Massachusetts Mutual Life Insurance Company (MassMutual) and is a member of the MassMutual Financial Group. See our Company History at
www.oppenheimerfunds.com.
FXTM How is the company structured today in terms of headcounts and offices?
AL
Te firm was founded in 1960 and is based in New York City with additional offices in Rochester, New York and Centennial, Colorado.
FXTM What do you consider as being the key positions in an FX Management company?
AL Tere are four main investment functions,
all distinctive,
FX
to gain more specialization in their skills set, deepen their competencies and become the best at what they do. At the same time, a close working environment, with ongoing collaboration and daily discussions allows each member to understand other members’ perspective. Minimal overlap and deep collaboration allow these members to achieve superior outcomes in the investment decision process.
In particular, traders understand and learn about order flow, and the general pulse of the market; they follow news and intraday dynamics, allowing them to keep best execution as their top priority, while providing relevant market color to research analysts and portfolio managers.
Research foundation
analysts of
provide the the investment highly
specialized and equally important. Tese are: portfolio management, research analysts, execution traders and risk managers. Te separation of these functions allows team members
process, focusing on global macro developments, country specific fundamentals and balance of payments analysis. Tey work extensively with large datasets and information, performing qualitative and quantitative analysis, and interpret economic data releases. Tey use statistical and econometric analysis to understand how macroeconomic variables affect one another and ultimately foreign exchange markets. Te main research objective is
to
understand and “anticipate” events. Portfolio managers analyze the
FX TRADER MAGAZINE July - September 2013 53
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