Pareto Investment Management Limited (‘Pareto'), based in London and part of BNY Mellon Asset Management, is one of the world's foremost currency managers offering both overlay and absolute return strategies to institutional clients. Pareto believes that the best way to add value in currency management is by controlling risk of loss successfully. In a portfolio of overseas securities risk of loss is defined as the risk of cash loss when translating the foreign currency exposures back into base currency. Foreign currency risk can be measured and can, therefore, be managed. Accordingly, Pareto does not attempt to forecast future currency returns. Instead, the focus is on estimating and managing the currency risk embedded in international investment portfolios.
Founded in 1936, Russell Investments is a global financial services firm that serves institutional investors, financial advisers and individuals in more than 40 countries.
Through a unique combination of wide-ranging and interlinked businesses, Russell delivers financial products, services and advice. A pioneer, Russell began its strategic pension fund consulting business in 1969 and today is trusted by many well-known worldwide institutions for investment advice. The firm has $160 billion in assets under management (as of 31 Mar 2011) in its mutual funds, retirement products, and institutional funds, and is well recognised for its depth of research and quality of manager selection. Russell offers a comprehensive range of implementation services that helps institutional clients maximise their assets.
Russell began implementing portfolio transitions within its multi-manager funds complex in 1980, and in 1992 began offering this service to third-party clients. In 2009, Russell transitioned more than $581 billion. The Russell Indexes calculate over 50,000 benchmarks daily covering 65 countries and more than 10,000 securities.
Russell is headquartered in Seattle, Washington, USA with offices in Amsterdam, Auckland, Chicago, Johannesburg, London, Melbourne, New York, Paris, San Francisco, Seoul, Singapore, Sydney, Tokyo and Toronto. For more information about how Russell helps to improve financial security for people, visit us at www.russell.com.