The Structure of Incentives to Manage Currency Risk George Oberhofer Senior Practice Consultant We discuss the use of overlay currency managers to help manage the bulk of currency risk in an international portfolio and generate potential excess returns through active currency management, with respect to currency benchmark risk. The incremental currency risk associated with the active country bets of international stock and bond managers can be best managed by the managers themselves. Clients should consider managers with the ability and inclination to manage their own active currency risk, and provide these managers with the discretion to do so. Request this Research A note about our research Our proprietary research is made available to our institutional clients, and many of these published papers are available to other institutional investors as well. If you are not a Russell client, but are an institutional investor, we welcome you to request this research piece. We only require your contact information on a short request form. For more information about our research, please contact Rob or Gerry:   West Coast   East Coast Rob Ciro Director 866-926-5934 Gerry Lillis Director 866-459-4128 USIMSL1845			Related information Request this Research Learn about our overlay platform that supports a broad range of derivatives-based solutions   Contact details West Coast contact Rob Ciro Director 866-926-5934 East Coast contact Gerry Lillis Director 866-459-4128 Printer friendly version of this page