Market value of investors’ US convertibles plummets 20%

Alongside other investors, hedge funds are diversifying strategies or abandoning the convertibles market altogether, Connecticut-based Greenwich claims. A confluence of factors have impacted convertible bond values during the last 12 months, including low equity volatility and widening credit spreads. The aggregate value of US institutional holdings is now around $240 billion. Convertibles now represent only 45% of the average convertible investor’s total capital under management.


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


Want to know what’s included in our free membership? Click here

This address will be used to create your account

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