# Institutional Investors and Asset Managers

Institutional investors include pensions, mutual funds, hedge funds, family offices and other enterprises investing on behalf of others. The institutional investor purchases and sells rate optimization instruments to maximize returns on their portfolio, to manage risk, and in some cases to isolate specific returns from an investment. For example, a fund might find the current floating interest rates for a Norwegian bond attractive, but wish to stabilize the return through a floating-for-fixed swap, and remove the currency risk by swapping the NOK coupon for USD. 

Asset managers may also use interest rate derivatives in conjunction with currency trades to protect their base currency returns, against which their performance is attributed. Institutional investors will typically trade vanilla and basis swaps, with occasional use of other instruments to meet specific investment strategies. Caps, floors and collars will be purchased to lock in specific returns or hedge downside risk.<br>


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.swivel.finance/swivel-v2.0.0/other-resources/institutions/rate-profile-optimization/page-untitled-1/7untitled.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.