Richard Benson

Co-Head of Portfolio Investments

Richard co-heads the management of currency exposures for Active Currency Overlay clients on a day-to-day basis.  Richard generates investment ideas and themes within the team through an analysis of fundamental macro-economic and financial market variables taking into account the prevailing currency market dynamics and cross-asset class signals. This role encompasses portfolios both for active currency overlay and pure currency alpha mandates.

Richard joined Millennium Global in 2008, having gained extensive experience at both Investec Asset Management and Fischer Francis Trees and Watts (FFTW) in London. During his five years at FFTW, Richard was a key member of the Global Currency team having responsibility for managing global currency exposures in both currency alpha and currency overlay programmes. 

Richard has a BEng in Naval Architecture from Newcastle University and after leaving university he spent five years in the Royal Navy as a Warfare Officer. 

Richard is a member of the Society of Business Economists and is registered with the Financial Conduct Authority in the UK

Richard Benson

“A combination of a disciplined process and a dynamic response to evolving events is the hallmark of an effective discretionary process.”

Solutions

Passive Hedging

Passive Hedging

Hedging individual exposures. Aiming at eliminating currency risk.

Dynamic Hedging

Dynamic Hedging

Hedging individual exposures improving on a static hedge

Active Currency Overlay

Active Currency Overlay

Transforming existing exposures improving risk-adjusted returns

Absolute Return

Absolute Return

Unconstrained, aiming at achieving uncorrelated returns

News & Media

FT Podcast, Currencies on the move

December 1, 2017

FT Podcast, Currencies on the move

Wall Street Journal Podcast: Where is the U.S. Dollar Going?

July 6, 2017

Wall Street Journal Podcast: Where is the U.S. Dollar Going?

Moody's downgrades China: What the fund managers are saying

May 26, 2017

Moody's downgrades China: What the fund managers are saying

FT Hard Currency Podcast: Smoking May, red-hot June

May 5, 2017

FT Hard Currency Podcast: Smoking May, red-hot June

Insights & Studies

Millennium Global Macro and Currency Outlook: Highlights Q4 2017

October 11, 2017

Millennium Global Macro and Currency Outlook: Highlights Q4 2017

Millennium Global Macro and Currency Outlook: Highlights Q3 2017

September 27, 2017

Millennium Global Macro and Currency Outlook: Highlights Q3 2017

The Importance of Addressing Currency Risk in an International Portfolio

January 18, 2017

The Importance of Addressing Currency Risk in an International Portfolio