About PeopleHedge

PeopleHedge was created to educate people on the risks of exchanging currencies and the methodologies used to mitigate those risks.

Every day, millions of foreign exchange (FOREX) transactions occur all over the world. As our global economy continues to expand, money is increasingly flowing across borders. Until now, many persons and entities have been unable to access the powerful instruments that large institutions use to protect their exchange rates against adverse price moves in the future. The reason for this has largely to do with prohibitively large transaction minimums, as well as a lack of understanding of the complex instruments involved.

PeopleHedge simplifies the process of managing currency risk by allowing you to select an exchange date, a currency pair, and a protection amount. Once the quote price is paid, today's exchange rate is locked in for you, up until the date you have specified. If, on any day you choose prior to that date, the exchange rate has moved against you, PeopleHedge will pay you dollar-for-dollar to compensate any losses that have incurred. On the other hand, if the exchange rate moves in your favor, you get to keep the better rate. See the FAQ page for a detailed example.


About The Team

Damon Magnuski

As a field engineer Damon has felt the woes of foreign exchange risk first-hand, both on the personal and project level. With no outlets to hedge exchange risk while traveling worldwide his salary and expenses were subject to the whims of volatile FOREX markets. After switching careers to work in open pit options trading in Chicago, he learned the techniques used to mitigate risk from professional traders.

Now based in Boston, he decided to tackle this problem directly, using modern web technologies and patent-pending methods in quantitative finance. In 2011 he recruited Paul Giedraitis and Joe Rothermich to form PeopleHedge Corporation, a web-based company dedicated to bringing currency risk management to every qualified person that needs it.

Paul Giedraitis

A former electrical engineer in the defense industry, specializing in photonics and semiconductor physics, Paul brings a highly mathematical mind and history of project success to PeopleHedge. Via back-testing and algorithm innovation, Paul is optimizing the pricing used to lock-in your exchange rate, bringing the cost down for everyone.

Joe Rothermich

Bringing his skills as a quantitative hedge fund manager and Chartered Financial Analyst (CFA) designation holder, Joe has experience implementing quantitative trading strategies. His experience also includes applying artificial intelligence and evolutionary design across a broad set of domains. Joe is developing hedging strategies and product design at PeopleHedge.

Kacey Clark

After serving in the U.S. Army and working across a range of different government and business enterprises (including the Marriott, the United Parcel Service, and the Department of Defense), Kacey is now leading the growth of PeopleHedge’s marketing engine. With over six years of experience in process development, supply chain management, and customer service, he brings to PeopleHedge a strong culture of both energy and discipline. By focusing on relationship building and social media engagement, Kacey is working everyday to connect us to both our customer base and the greater technology startup community.



Legal Disclaimer

The Commodity Futures Trading Commission (CFTC) is currently finalizing certain applicable regulations under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Although many of the CFTC's rules have been finalized, many additional rules and CFTC interpretations are expected to be issued in the near future. Accordingly, some of the regulatory aspects of our business may change. We will update you about any such changes as soon as possible.