What GPs Are Asking About FX Risk Right Now | News & Insights | Validus Risk Management

What GPs Are Asking About FX Risk Right Now

10 July 2026

Summary

Key Takeaways

  • How liquidity has become the primary consideration in FX hedging decisions
  • Why fund structure is reshaping FX risk management strategies
  • The impact of changing interest rate differentials on hedging economics
  • Building FX programs that remain resilient throughout the fund lifecycle
  • Managing liquidity risk as funds approach maturity and extension periods
  • How evergreen and continuation vehicles are changing hedging requirements
  • Why bank credit appetite matters when designing a hedging program

As FX markets evolve amid changing interest rate differentials, persistent macro uncertainty, and shifting private capital dynamics, the conversation around foreign exchange risk is changing. Rather than asking whether to hedge, today’s general partners (GPs) are focused on how to build resilient, efficient hedging programs that can adapt throughout the life of a fund.

In this webinar, experts from Validus Risk Management, NatWest Markets, and TD Securities explored the biggest questions private fund managers are asking today—from liquidity management and hedge tenor to fund structures, bank credit capacity, and the growing role of LP expectations. The discussion highlighted how effective FX risk management has become an integral part of fund operations, requiring forward planning, strong banking relationships, and strategies that remain robust through changing market conditions.

Meet The Speakers

Kevin Lester

Kevin Lester

Chief Executive Officer

Haakon Blakstad

Haakon Blakstad

Chief Commercial Officer

Alain Smith

Alain Smith

Director of EMEA Client Engagement

Shane O’Neill

Shane O’Neill

Director, Global Head of Capital Markets