When you run a Multi-Manager report for an entity hierarchy where the top level entity's Base Currency differs from the Base Currency of the underlying Entity Hierarchy's Entity ID's or associated Benchmark's Base Currency, FX conversion always occurs.
The ability to perform conversion to a third, or alternative, currency that is currently available from the Performance Analysis report profile also occurs after conversions to the uniform Base Currency.
In the report profile's Select the Currency tab, choose the appropriate options. For example, select the Convert benchmark to portfolio base currency check box to convert the returns and market values to the currency of the top level of the Entity Hierarchy. Or, you can choose an alternative third currency for conversion.
For general information about setting up multicurrency Performance Analysis reports, see Performance Analysis and Reporting.