Overlay Services

Control cash, currency, or asset class exposures using systematic risk overlay strategies to reduce daily operational burdens and streamline access to market opportunities.

Partner with us
Our suite of services The Russell Investments advantage Related insights Customised Portfolio Solutions Talk to our team

Russell Investments' seasoned specialists provide you with the expertise and resources to design and implement a customised investment framework to improve the visibility and control of the underlying exposures in your portfolio.

Our comprehensive overlay programme brings the resources and experience to help your organisation:

Reduce the operational burden

Improve portfolio risk/return profile

Lower transaction costs

Why choose Russell Investments as your overlay portfolio management partner?

Six important factors:

Dedicated specialist team

Dedicated specialist team

A dedicated portfolio manager with low client-to-portfolio-manager ratio and access to asset class specialist traders.

Continuous coverage

Continuous coverage

24-hour multi-asset trading: Asset class specialists cover a network of developed and emerging markets.

Customised solutions

Customised solutions

Tailored global futures baskets and OTC expertise to better manage risk and seek improved returns.

Flexible approach

Flexible approach

Extended capabilities deliver total exposure management with solutions adapted as your portfolio changes and grows.

FX expertise

FX expertise

Protect your portfolio from currency movements using industry-leading FX platform and specialist FX traders.

Robust risk management

Robust risk management

Detailed compliance protocols with separated compliance review and agency-only approach.

€63.9 B

Managed in overlay services globally

140

Overlay accounts

40+ YRS

Experience in overlay management

13

Dedicated team members

12 YRS

Average industry experience

Source: Russell Investments. Data as of 31 December 2023 unless otherwise noted.

Tech-enabled client solutions

Our global team of overlay specialists is experienced at tackling the more complex and challenging investment problems facing institutional investors using our proprietary technology and systems.

gear head icon

Proprietary system for aggregating account-level data to enable overlay management

24 hour agency-only global trading desk

24-hour agency-only global trading desk with specialisation by market segment

Proprietary quantitative systems

Proprietary quantitative systems for managing futures tracking error to customisable benchmarks

Seamless integration

Seamless integration of physical and overlay trading via trade order management system for more complex solutions

RECENT INSIGHTS
RECENT RESEARCH
Insights Research

Our experts work hard to solve the complex issues our clients encounter.

Our collection of research shows our dedication to solving complex investment problems.

Private Markets Playbook: Positioning for a New Reality

How to spot opportunities and gain exposure to private investments without taking on too much risk.

Read the article

Eye on private credit

Understanding the basics and beyond

With a robust supply of asset-based investments, the private credit market has grown to over $5T dollars and is anticipated to be worth nearly $8T by 2027, driven by structural shifts in the lending environment.

Start exploring

Outsourced CIO

The Right OCIO Can Cure Insomnia in Restless Markets

Even in normal times, managing an investment program is a challenging job. But when you add on tariffs and trade wars, it's bound to lead to some sleepless nights. Learn how an OCIO firm can provide relief.

Read the article

Customised Portfolio Solutions


Specialist expertise and strategies to help your team gain greater portfolio control, limit costs, reduce risk, and enhance returns.

Transition Management

We assist our clients in managing their investment performance and risks when restructuring their portfolios or asset classes.

Interim Asset Management

Manage cost and smooth the transition between investment managers while maintaining performance, reducing risk and administrative burden.

Currency Management

Manage foreign exchange (FX) trading costs and currency risk by drawing upon our currency investment team and FX trading specialists.

Trading and Execution

Execution solutions to achieve enhanced returns using the latest advances in technology to find liquidity, reduce transaction costs and manage risk.

Completion Portfolios

Maximise control of risk-adjusted returns and reduce production cost while aligning investments with your beliefs - all through a multi-manager approach.

Enhanced Portfolio Implementation

A platform designed for asset managers that combines all advisory models and investment insights into one centrally managed, segregated account.

Any opinion expressed is that of Russell Investments, is not a statement of fact, is subject to change and does not constitute investment advice.

The value of investments and the income from them can fall as well as rise and is not guaranteed. You may not get back the amount originally invested.

Headshot image of Chris Frost

Partner with us

Get in touch with us through this form and we'll reach out to you.

Chris Frost

Director, Customised Portfolio Solutions

About Chris

Transition Management Services offered by Russell Investments Implementation Services, LLC., member FINRA / SIPC.

Frank Russell Company owns the Russell Investments trademarks used in this material. See disclosures for details.

Any statements of opinion expressed within this publication are that of Russell Investments and are current at the time of issue. The information and opinion given in this publication is given in good faith. All opinions expressed are subject to change at any time. Russell Investments nor any of its staff accepts liability with respect to the information or opinions contained in this publication.

All investments carry a level of risk and do not typically grow at an even rate of return and could experience negative growth.

Any past performance results should not be seen as a guide to future returns. Any scenarios presented are an estimate of future performance based on evidence from the past on how the value of an investment varies and are not an exact indicator.

In EMEA this content is suitable for Professional Clients Only.

Russell Investments is committed to ensuring digital accessibility for people with disabilities. We are continually improving the user experience for everyone, and applying the relevant accessibility standards.

Russell Investments' ownership is composed of a majority stake held by funds managed by TA Associates Management, L.P., with a significant minority stake held by funds managed by Reverence Capital Partners, L.P. Certain of Russell Investments' employees and Hamilton Lane Advisors, LLC also hold minority, non-controlling, ownership stakes.

Frank Russell Company is the owner of the Russell trademarks contained in this material and all trademark rights related to the Russell trademarks, which the members of the Russell Investments group of companies are permitted to use under license from Frank Russell Company. The members of the Russell Investments group of companies are not affiliated in any manner with Frank Russell Company or any entity operating under the "FTSE RUSSELL" brand.

Issued by Russell Investments Limited. Company No. 02086230. Registered in England and Wales with registered office at: Rex House, 10 Regent Street, London SW1Y 4PE. Telephone +44 (0)20 7024 6000. Authorised and regulated by the Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN.

© Russell Investments Group, LLC. 1995-2026. All rights reserved. This material is proprietary and may not be reproduced, transferred, or distributed in any form without prior written permission from Russell Investments. It is delivered on an "as is" basis without warranty.

MCR-01237