A reversal of fortune

Hedge funds

p56-bennet-gif

At the start of June, convertible arbitrage hedge funds were wilting after a ferocious sell-off that capped a miserable start to the year. The convertible arbitrage index compiled by New York-based hedge fund consulting firm Hennessee Group was down 7.1% in the first five months of the year - the strategy's worst performance in more than a decade. The CSFB/Tremont convertible arbitrage index, meanwhile, was down 6.34% in the first six months of the year.

Since then, however, performance has

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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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: