News & Publications
Moneycab: Interview on Currency Management with QCAM CEO Thomas Suter
In an interview with Moneycab, Thomas Suter, CEO of QCAM, shares his views on the current FX environment, the strong Swiss franc, and how Swiss investors can manage currency risk effectively.
Two-Way Volatility Risks
QCAM Monthly January 2026: "Two-Way Volatility Risks". Global FX volatility has declined significantly over the last six months despite ongoing high geopolitical, policy, economic and market uncertainties ...
Happy holidays & a successful 2026 – QCAM says thank you and makes a donation
Our donations support Smiling Gecko & Mi Sangre once again - As the year comes to a close, it is a perfect moment to reflect on the months gone by. We are grateful for your trust, loyalty, and the strong partnership we have shared. In uncertain times, continuity is an invaluable asset, and we look forward to continuing our successful collaboration in the year ahead.
FX NOW! THE WEEK AHEAD – An FX compass in Central Bank Weeks (08.12.2025)
FX NOW! THE WEEK AHEAD – An FX compass in Central Bank Weeks (08.12.2025) 📌 Agenda as of 08 December 2025: Central Bank Meetings (CET): AUSTRALIA - 09.12.2025, CANADA - 10.12.2025, USA - 10.12.2025, SWITZERLAND - 11.12.2025
2026 Sneak Preview
QCAM Monthly December 2025: «2026 Sneak Preview»: We retain our bearish USD bias going into 2026. Growth and monetary policy asymmetries plus the persistent US twin deficit are the main drivers of our bearish USD view. However ...
“Swiss Safety” for your liquidity – now also available in EUR, GBP, and CHF share classes
We are pleased to inform you that our QCAM Short Term Fixed Income fund is now available not only in USD but also in EUR, GBP, and CHF share classes. This gives you even more flexibility for investing in the proven and low-risk fund portfolio.
QCAM Welcomes Carla Mette and Max Heinzer
We warmly welcome Carla Mette and Max Heinzer to the QCAM team! Our new trainees in Investor Relations & Marketing and Financial Engineering joined us on July 1st, 2025.
FX NOW! THE WEEK AHEAD – An FX compass in Central Bank Weeks (16.06.2025)
📌 Agenda as of 16 June 2025 Central Bank Meetings (CET)
Your Monday FX compass in central bank weeks – 5 May 2025
Central Bank Meetings. ⚪ USA 07.05.2025 Expected: 4.50% (unchanged) With its focus on the dual mandate of maximum employment and price stability the Fed seems to find itself still in a comfortable position: The unemployment rate is at historically low levels of 4.2%, inflation, albeit still not quite at target, is in check with the latest CPI figures at 2.4% (YoY). The only datapoint with a somewhat worrying touch was the GDP of Q1 at -0.3% which was much lower than the expected 0.2%. Anything but an unchanged federal funds target rate of 4.5% would be a big surprise.
QCAM has been nominated for the Asset Award of Finews and AssetRush
Thomas Suter, CEO of QCAM Currency Asset Management, has been nominated by finews.ch and AssetRush as one of the 15 most innovative minds in the Swiss financial market. 🏆 The award honors personalities who set measurable impulses with concrete solutions and projects - in the areas of alternative investments, digital assets and traditional assets.
QCAM celebrates its 20-Year Anniversary
a major milestone in the history of a company that has built a reputation over two decades of expertise, integrity and innovation in Institutional Currency and Asset Management. Founded on April 18, 2005 in Freienbach, the company was renamed from Quaesta Capital AG to QCAM Currency Asset Management AG in 2016. The "Q" was kept to reflect the continuity of the company’s values and identity. In 2017, the company's headquarter was moved from Freienbach to Guthirtstrasse 4 in a central location in the city of Zug.
QCAM Shortlisted for Currency Manager of the Year – European Pensions Awards 2025
We’re proud to announce that QCAM Currency Asset Management AG has been shortlisted for the Currency Manager of the Year award at the European Pensions Awards 2025! 🏆
Opalesque Roundtable Series ’18 – Currency Trading
The internationalization of investments has led to a significant increase in the foreign exchange (FX) business. Along with this major growth, the whole set up and market structure of currency trading, alpha generation in FX markets and the FX overlay industry have significantly changed. How are the markets working now? What are the best and most efficient set ups for currency trading? What happened to the alpha generation of FX managers? When it comes to technology and innovation, is FX trading leading crypto trading or is it the other way round - who sets the trend? (page 20) Why is crypto a very easy market to trade for professionals from the strategy perspective, but the trouble is rather on the legal and the regulatory side? And, will Blockchain technology lead to a future without exchanges?
wallstreet-online.de – Rising hedging costs? Guest article by Cengiz Temel
«Is there a way out of the dilemma of increasing hedging costs for EUR investors?» - The record-high hedging costs aggravate the challenges for institutional investors in the search for yield-generating investments. In the article, Cengiz Temel, Managing Partner at QCAM, shows how rising insurance costs are a challenge for institutional investors and where the pain margins lie.
Fundplat – Untapped potentials in currency management
Im Interview zeigt Thomas Suter auf, CEO von QCAM, dass vorallem bei institutionelle Investoren, gerade bei grösseren Fremdwährungstransaktionen, noch viel Potenzial unausgeschöpft ist. Denn schon kleine Differenzen haben bei den Preiskonditionen grosse Auswirkungen auf die Kosten und damit die Erträge.
Superbcrew – QCAM Interview with CEO Thomas Suter: Half-Year Review And Outlook
Sensational, Superbcrew report about us "QCAM Currency Asset Managment: Half-Year Review And Outlook – Getting The Most Out Of Currency Investments And Cash
IPE – Sterling: Two sides of the coin
Many analysts see sterling as undervalued but investors expect a premium to compensate for Brexit uncertainties.
IPE – Dollar: A case for hedging tactics
Hedging is one way for investors in the dollar to [...]
12.10.2021 – Finance Expo Netherlands
Here you will meet top CFOs who will tell you about their cases. Experts to keep you informed about the latest developments. Partners who support you in your challenges.
04.07.2018 –7th Swiss Asset Management Day
As a sponsor, QCAM support the 7th Swiss Asset Management Day. We are looking forward to meet you in the Hotel Seedamm Plaza in Pfäffikon.
06.-07.06.2018 – Symposium – the 2nd pillar trade fair
We will have a booth at the Symposium - the 2nd pillar trade fair. We are looking for an interesting trade fair and hope to meet you there.
01.07.2018 – Sponsoring 112th Innerschweizer Schwing- und Älplerfest (ISAF)
As a sponsor, QCAM support the 112th Central Swing and Alpine Festival, which is considered one of the highlights of the schwinger year 2018. We are convinced to enjoy an unforgettable party in our popular, national swinging sport.
22.-24.01.2018 – MFA Network Conference Miami (USA)
The MFA’s Network Conference in Miami is hailed as one of the top networking event for the alternative investments industry. The MFA’s Network 2018 Conference brings together top allocators, fund managers and leading industry service providers together for one on one allocator meetings, educational programming and investor-led roundtable discussions. Managed Funds Association (MFA).
14.11.2017 – Pension fund forum 2017, Zurich (Sponsor)
50 high-level cadres of the 150 biggest pension funds, Sammel- und Anlagestiftungen BVG of Switzerland
Launch of Fund: QCAM Short Term Fixed Income USD
After thirteen years of successfully managing USD liquidity for clients, QCAM has just launched a USD liquidity fund to a wider investor base that transforms the safety of sound short-term Swiss credits into attractive USD returns. The QCAM Short Term Fixed Income USD Fund (QCAM STFI USD) offers investors liquidity, superior returns and reduced credit and market risks.
Still foggy
The USD underperformed in Q1 but is still in the range pattern. Policy uncertainty remains too high to forecast a clear trend. In our view, pessimism on the US economy and hopes for an effective fiscal boost in Europe seem both overdone, while the tariff conflict has probably not yet peaked. As a result, we remain neutral except for long JPY.
First knock-on effects
The last four weeks have delivered more uncertainty and volatility as expected and yet there were still a lot of surprises. Particularly surprising is the retreat of the USD amid rising risk aversion. Is this the end of US exceptionalism and USD supremacy?
Disruption Risk and Opportunity
January has delivered the volatility that was widely anticipated but not only from the expected sources. USD fundamentals remain strong relative to other major currencies but equity markets suggest that the support from US exceptionalism could fade, at least temporarily.
More uncertainty than direction
The USD rallied further in December and economic fundamentals and policy developments suggest that the USD has further upside. The start of 2025, however, is dominated by uncertainties surrounding first policy moves. Trump could surprise by being more moderate or more radical. Current rhetoric suggests the later but that could change quickly. In our view, uncertainty is unlikely to fade quickly and that implies more volatility for FX markets in coming months.
2025 sneak preview
This year has been again a broad USD range [...]
