HedgeGo provides risk management tools for currencies, interest rates and commodities.

HedgeGo is an owner-managed consulting firm. We measure the FX and commodity risks a company carries but does not control, and turn them into decision data it can act on.

HedgeGo does not operate as a financial service provider.

What we do

Commodity Proxy Hedging

Many materials cannot be hedged directly. We measure your specific price change risk from your own purchase data and calculate a basket of tradable materials that mirrors it. The goal is to reduce 80–90 % of the price fluctuation risk.

The result is more stable revenues, stronger competitiveness and greater predictability, with clear and comprehensible financial reporting. The calculation is repeated as new purchase prices come in, so the hedge keeps matching the risk as it changes.

FX Decision Data

Our automated FX solutions relieve treasury of repetitive tasks and optimise the timing of foreign currency conversions, both on receivables and on payables. Systemising and automating that process makes treasury more efficient and improves financial results. Interest rate exposure is analysed alongside it.

Our vision

We continuously develop our risk management tools, so that processes can be implemented efficiently and optimally, across FX, interest rate and commodity risks.

Our aim is that a company can measure the risks it carries, act on them deliberately, and report them transparently.

Clear decisions instead of gut feeling.

Two business advisors reviewing financial charts and planning documents

Management

Gerhard Massenbauer, Chief Executive Officer of HedgeGo

Gerhard Massenbauer

Chief Executive Officer

Austria’s most renowned foreign exchange expert, with 27 years of a documented track record in currency and capital markets analysis.

His area of expertise is the integrated analysis of currency and capital markets. He has been a member of the Alpbach Interest Rate and Currency Forecast Panel since 2018 and is the author of three strategy books on planning for large-scale development projects.

He translates market developments into clear decisions, and is the analytical DNA of the company.

Advisory

Market fit can be reached with extraordinary people out of practice.

Nick Kraguljac, advisor to HedgeGo

Nick Kraguljac

CEO, i.Tac

Various executive positions in multinational companies, as well as major positions in professional politics in Austria, the USA and the EU.

Judith Girschik, advisor to HedgeGo

Judith Girschik

Member of the Board, LSS Leadership Institute

Vice President of the International Coaching Federation (Austria Chapter), as well as various executive positions in multinational foundations.

Manfred Rack, advisor to HedgeGo

Manfred Rack

Controlling

Treasury expert and former Head of FX Cash Derivatives at BAWAG P.S.K., senior FX trader at Raiffeisen.

Read our blog

What we have to say can increase your profitability. We keep you updated, even when you are not our client yet.

The Majors Are Showing Weaker Trends, Including the CHF

The global economy is in good shape. If you read the German media, however, you might think that we are on the brink of economic Armageddon. The truth is that Europe, as well as Australia, Japan and Canada (the 'majors'), are in a difficult situation. The sovereign...

The War With Iran Is Coming to an End

This Is Good News for Stock Market Performance This Year In this issue, I will be examining a wide range of factors that are set to become important in the years ahead. While the impact of AI on the labour market is widely debated, does this necessarily lead to an...

An Early End to the War Would Revitalise Asia

Growth rates in Asia have proven to be remarkably resilient so far. While the ongoing blockade of the Strait of Hormuz is certainly a cause for concern, I believe this could end very soon. If that happens, we can expect another significant upturn in the global...

The EUR/USD Exchange Rate Has Remained Unchanged Since April 2025

To understand the movements in EUR/USD over the past year, it is not helpful to pay too much attention to what is written or said about it online or on LinkedIn. In fact, over the past 13 months, the EUR/USD exchange rate has fluctuated by only +/- 3% within a fairly...

Weakness of the Pound, Strength of the Aussie

The performance of the major currencies against the euro varied last month, but they remained strong against the US dollar throughout. Both the pound and the yen still face the prospect of weaker exchange rates. While the pound is fairly valued or slightly overvalued,...

If the Situation Continues to De-Escalate, CEE Currencies Will Continue to Strengthen

Peter Magyar’s decisive election victory is a sensation, even if the exact nature of the changes to Hungarian politics is unclear. The only thing that is clear is that the Orbán system has collapsed, despite the highest regulatory hurdles being in place. Magyar can...

The USD Continues to Show no Clear Trend

The USD remains flat. In the editorial of Issue 8, I outlined a risk scenario that is becoming increasingly likely while the US continues to block the Strait of Hormuz unrestrainedly. This measure is tactically understandable, as it prevents the Tehran regime from...

If the U.S. Drags its Feet in Iran, Things Will Get Tight

If the U.S. does not want to be held responsible for triggering a global economic crisis with this disastrous war, I think it is now under considerable pressure to agree to a peace deal with Iran. A long time ago, I noticed that virtually every stock market and...

Operation Fury and Economic Fury

The Names Given to the Measures Against Iran Are as Aggressive as They Are Straightforward In this issue, I would like to take a closer look at the state of the U.S. economy, examining debt, growth and inflation trends. I believe that examining these aspects in more...

The War Against Iran Is Causing CEE Currencies to Falter

The 'surprise war' launched by the US and Israel against Iran has not only caused stock markets to plummet in recent days — a 8% drop over two days is not even a particularly strong reaction — but has also effectively doubled the price of petrol. Situations like this...