Convertible managers innovate to profit in non-volatile markets

convertible bond arbitrage

Low equity price volatility and fears of rising interest rates still hamper a convertible bond market already struggling in a crowded strategy.

James Hedges, chief executive of LJH Global Investments, says May and June proved the most difficult for convertible managers this year, with managers attributing underperformance to the said fear and, increasingly, that of cash takeovers.

"Managers also anticipate a macro reallocation of investment capital away from convertible arbitrage," Hedges says

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here