Gerhard Massenbauer is the Managing Director of Censeo Asset GesmbH, involved in ValorSol GmbH and founder of Tenaxis Capital GmbH. He lectures on the financing of foreign currency and investments. Massenbauer is the publisher of the monthly newsletter Massenbauer, the first professional medium for foreign currency borrowers with reports about the major developments currently on the most frequently used currencies (EURO, USD, JPY, CHF), as well as an overview of the price and interest rate forecasts for these currencies.