News & Media
QCAM is a member of the IGUV
QCAM Currency Asset Management AG is a member [...]
Early and Late Movers
The USD continued its recovery in March after a short break in February. We think the USD will on balance remain firm, but we also expect more divergence given the cross current of policy and business cycle dynamics. In particular, we think the ECB will cut interest rates earlier and more than the Fed, hurting the EUR, but we also expect that a broadening global recovery will lift commodity prices and risk sentiment, supporting currencies such as the AUD.
Spring awakening
The USD continued to rally in the first half of February but has been gradually sliding lower since then. The competing themes are global recovery versus US exceptionalism and a hawkish Fed. There are many other uncertainties that could shape the direction for FX markets but we expect that data releases over the first half of the year will determine which of the two main dynamics will come to dominate.
What about the US elections?
The USD is recovering as the market pairs back Fed rate cut expectations. Meanwhile, the US election campaign is gearing up with a Biden-Trump rematch looking most likely. The outcome of the election remains uncertain and there are many moving parts that can impact the USD in response. ...
Interview with CEO Thomas Suter: Review & Outlook
Insights from CEO: In the interview, Thomas Suter summarizes the foreign exchange market in 2023, citing geopolitical tensions and market uncertainty. He anticipates ongoing volatility in 2024 and discusses the impact of upcoming elections. Suter highlights the importance of professional currency management and QCAM's expertise.
Donations support to Smiling Gecko & Mi Sangre
Amidst the festivities, we remain mindful of those in need. True to tradition, our charitable donations supports the Smiling Gecko foundation for Cambodia and the Colombian foundation Mi Sangre, reflecting our commitment to sustainability.
QCAM is a member of the IGUV
QCAM Currency Asset Management AG is a member [...]
Donations support to Smiling Gecko & Mi Sangre
Amidst the festivities, we remain mindful of those in need. True to tradition, our charitable donations supports the Smiling Gecko foundation for Cambodia and the Colombian foundation Mi Sangre, reflecting our commitment to sustainability.
«FX BIAS» Review 2022
2022 was a turbulent year for FX BIAS after a promising start in 2021. The Ukraine war, the rapid changes in monetary policy and the rise and fall of risk aversion created fast moving dynamics that were impossible to capture accurately with business surveys.
Donations to Smiling Gecko & Mi Sangre
Thank you! We cordially express our Thanks to [...]
«FX BIAS» developments – Review and update
After almost two years since the launch of FX BIAS and a good evolution since then, we would like to provide you with a short review and an update about the latest developments of the FX BIAS Strategy.
QCAM has been shortlisted as Currency Manager of the Year 2022
QCAM has been shortlisted from the European Pension as Currency Manager of the Year to win a 2022 European Pensions Award.
«Currency Manager of the Year 2023» QCAM shortlisted by European Pension
QCAM has been shortlisted as Currency Manager of [...]
The Challenging Currency Markets
On the back of the recent volatility increases in the currency markets, the interest in the topic of currency management has grown rapidly.
Excellent performance of FX BIAS
FX BIAS hits the nerve of investor - QCAM can look back on a successful year in which the performance of the FX BIAS innovation stood out: A good year ago we launched the certificate issued by UBS, which is based on FX BIAS (Business Intelligence Alpha Strategy), an innovation with a unique selling proposition – and we are extremely satisfied with its rapid market acceptance and performance.
KMU Wirtschaft – Professional currency management pays off
Articel by Thomas Suter, CEO of QCAM Currency Asset Management in KMU- Wirtschaft Magazin issue 3/2020 on the importance of many years of investment and currency expertise. Why professional currency management is more important than ever, especially in times of crises.
Asset manager QCAM is bringing more expertise to its board and management
With new appointments by Gary Klopfenstein, Hélie d'Hautefort and Ekaterina Schiess to the Board of Directors and Martin Pendert to the Management Committee, QCAM Currency Asset Management AG is further expanding its strategic competence and position as an independent, globally active Swiss Asset Management and Currency specialist.
IPE – Strategy: Pension funds confront FX risk
Investors are paying more attention to currency hedging strategies in the face of increased global risk
27-29 September, 2022 – TradeTech FX in Amsterdam
We are delegates at TradeTechFX in Amsterdam from 27th - 29th September 2022. Take the opportunity to talk with our CEO Thomas Suter and our two Dutch Senior Advisors Rob Beemster and Mario Buteneers.
2-3 November 2022 Gaining The Edge, New York (USA)
As at the beginning of the year, QCAM is again taking part in the high-quality Alternative Investments event "Gaining the Edge". We are looking forward to the exciting exchange with absolutely serious people from endowments, foundations, pensions, institutional consulting firms, insurance companies, OCIOs, fund of funds and family offices.
22/23 Juni 2022 – TAIC Boutique Manager Event in Zurich (CH)
TAIC Boutique Manager Event (BTE) will be hosted as a hybrid event, day one will be one-to-one virtual meetings, and on day two they will host in person one-to-one meetings...
20./21. June 2022 – World Family Office Forum Europe 2022 in Montreux (CH)
We are pleased about the exclusive invitation to participate at the World Family Office Forum Europe. As a currency specialist, Thomas Suter, CEO of QCAM, look forward to advising and showing solutions on all currency-related topics.
19. – 22.01.2022 Gainging The Edge Florida (USA)
QCAM is attending what is expected to be one of the largest gatherings of alternative investment professionals, including managers and high quality investors (endowments, foundations, pensions, institutional consulting firms, insurance companies, OCIOs, fund of funds, family offices, and private banks among others).
24-26.01.2022 – Context Summits Miami (USA)
QCAM is a participant in this event and will meet family offices and institutional allocators in One on one meetings. Furthermore, Thomas Suter, CEO QCAM, will be one of the speakers at this conferences.
Early and Late Movers
The USD continued its recovery in March after a short break in February. We think the USD will on balance remain firm, but we also expect more divergence given the cross current of policy and business cycle dynamics. In particular, we think the ECB will cut interest rates earlier and more than the Fed, hurting the EUR, but we also expect that a broadening global recovery will lift commodity prices and risk sentiment, supporting currencies such as the AUD.
Spring awakening
The USD continued to rally in the first half of February but has been gradually sliding lower since then. The competing themes are global recovery versus US exceptionalism and a hawkish Fed. There are many other uncertainties that could shape the direction for FX markets but we expect that data releases over the first half of the year will determine which of the two main dynamics will come to dominate.
What about the US elections?
The USD is recovering as the market pairs back Fed rate cut expectations. Meanwhile, the US election campaign is gearing up with a Biden-Trump rematch looking most likely. The outcome of the election remains uncertain and there are many moving parts that can impact the USD in response. ...
Dynamic Forward Hedging for Corporates
Managing FX exposure confronts corporates with challenges and opportunities. Starting from a general discussion of hedging strategies, this article focuses on QCAM’s Dynamic Forward Hedging approach, which offers corporates a flexible hedging strategy and opportunities to improve their overall financial performance.
Something has to give
Powerful headwinds stalled the USD’s rally in October. Cross currents are likely to keep FX markets range-bound in the near term, but with a USD-bullish bias. The tides are set to change if US economic outperformance fades next year, the global economy starts to re-accelerate and the BoJ finally catches up with reality.
What stops the Dollar?
The USD continued its rally in September and the momentum as well as the support from superior growth and interest rate run-rates point to further USD upside. Rising risk aversion also supports the USD and is unlikely to reverse as abruptly as it did at the end of last year. However, the risk is that the financial tightening becomes....