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 mark
The week on Risk.net, May 12-18, 2018Receive this by email