Institutional investors rediscover attractions of convertible bond hedge funds
Whether or not funds are capped, hedge fund managers concur the broad post-crisis recovery rally in the $500 billion convertible bond market is over. They now trade around fair value.
Convertible bond managers, a group that faced heavy redemptions and sharp falls in their asset class in 2008, are now capping funds after strong inflows from pensions among others and a recovery in the markets left some hitting capacity.
Many funds that are not yet curbing inflows are considering it. They say maintaining returns and investment freedom are the main reasons for this. All agree that the soft closing of portfolios is specific to individual funds.
Managers see opportunities in the
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 print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
More on Strategy
CTAs beat hedge fund rivals in 2014
Investors hope that CTAs’ fortunes have changed for good
Multi-strategy hedge fund assets surpass $400 billion
Investors flock back to strategy after years of trickling inflows
Hedge funds cautious on Argentina
How might hedge funds take advantage of opportunities in Argentina?
Hedge funds face growing risk, technology and data challenges
Sponsored feature: Broadridge Financial Solutions
A promising future
Sponsored statement: NYSE Liffe
Government bond traders see difficult markets heading into 2014
Your word is my bond
Hedge funds increase Asia quant investing risk capital by 50%
An improved Japan economy is ramping up quant investor activity across Asia
CTA trend followers suffer in market dominated by intervention
Return to normality
Most read
- Top 10 operational risks for 2024
- Japanese megabanks shun internal models as FRTB bites
- Market for ‘orphan’ hedges leaves some borrowers stranded