Caution First

The Coutts' Orbita fund of funds range has reduced exposure to convertible and merger arbitrage strategies.

Bob Dawkins, head of alternative investments at Coutts, says he has reduced exposure to these strategies in the Orbita range because of the reduction in merger activity and concern about the high proportion of convertible bonds held by hedge funds themselves.

Convertible bond arbitrage managers may have looked keenly at news from Standard & Poor's at the end of June that global convertible

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 or view our subscription options here:

You are currently unable to copy this content. Please contact 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 View our subscription options

You need to sign in to use this feature. If you don’t have a 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