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Low issuance is fly in ointment for convertible arbitrage sector

Although there are fewer opportunities for arb funds, the coming months still look positive

As with the rest of the financial world, the convertible bond arbitrage market is finding it hard to concentrate on matters other than the possibility of war. In the case of this particular sector though, the uncertainty that is unnerving other investors is benefiting convertible arbitrage funds.

Discerning fund managers in this strategy stand to do well, despite the lower issuance level, but

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