Michaël Soued

Michaël Soued

Head of Aggregate & Multi Asset Total Return Ostrum Asset Management
Michael Soued is the Head of Global Aggregate and Multi Strategies Total Return at Ostrum Asset Management,. He earned a Master's Degree in Capital Markets & Corporate Finance from Paris Dauphine University and holds an AMF & CFA sustainable certification. Soued started his finance career in 1993 as a trader and moved into asset management in 1998. His career includes positions such as a currency option trader, fixed income arbitrage trader, and market-maker. He previously worked at SSGA for eleven years, where he was the Head of Fixed Income and Currency for SSGA France, overseeing assets up to €5 billion. Before joining Ostrum Asset Management in 2013, he led the aggregates activity at Oddo AM. He's also lecturer at University of Dauphine in finance for Masters.

Main Day 1 | 16th September

12:40 PM USD Outlook Panel: USD under geopolitical stress: How can you assess USD resilience and position for policy and regime divergence?

Geopolitics, policy divergence and shifting global risk appetite are reshaping how PMs assess the durability of USD strength. This panel brings together leading macro and multi-asset investors to examine whether the dollar’s dominance remains structurally intact, or whether fiscal dynamics, policy paths and geopolitical shocks could push the system toward a more multipolar FX landscape. Speakers will discuss how elections, regional tensions, central-bank divergence and capital-flow trends influence USD behaviour, and how PMs incorporate these forces into portfolio construction and hedging decisions. A forward-looking discussion on the catalysts that matter most for USD performance- and what they imply for positioning across the next cycle.

2:50 PM FX Hedging Panel: Strengthening hedging discipline: How can you maintain consistent FX hedging frameworks to best position your portfolio as markets and macro conditions shift?

FX hedging is one of the least standardised aspects of multi-asset portfolio management, with PMs taking very different approaches to setting hedge levels, maintaining discipline and reacting to shifting macro conditions. This session examines how PMs balance long-term hedging policies with shorter-term market signals, how they think about the appropriate level of unhedged currency exposure, and how they minimise hedge drag without undermining portfolio intent. Speakers will discuss the role of discretion versus systematic rules, how they interpret volatility and correlation shifts, and how they ensure hedging decisions remain aligned with broader investment objectives. A practical, PM-led discussion on building clear, consistent FX hedging frameworks across different market regimes.

Check out the incredible speaker line-up to see who will be joining Michaël.

Download The Latest Agenda