JonesTrading To Offer Convertible Bonds

Oct 16 2012 | 6:23am ET

JonesTrading Institutional Services, which provides institutions and hedge funds with unconflicted block trading in securities, has expanded into convertible bonds, an asset class tied to underlying equities.

According to the firm, the convertible bond development is a natural growth path for JonesTrading, given its historic commitment to providing institutional clients with block trading in ordinary, ADR and GDR shares. The firm has named industry veteran Terence Tucker to lead the group.

Prior to joining JonesTrading, Tucker was managing director for convertible bond sales at Barclays.

"Relationships are at the heart of trading and bringing the relationships I have established over the years into the JonesTrading network will bring immediate opportunities for execution,” said Tucker.

Packy Jones, chairman of JonesTrading, added: "The picture for performance among traditional asset managers and alpha generation for hedge funds remains challenging. Our goal is to allow our clients to leverage the JonesTrading model so that they can access liquidity and execute in size without leaving a footprint. By now providing access to convertible bonds, we believe our approach will give our clients yet another tool for finding the performance and alpha they seek.”


In Depth

MiFID2 For U.S. Firms: Key Questions Answered

Feb 27 2017 | 4:54pm ET

The January 2018 deadline for implementation of the EU’s mammoth MiFID2 regulations...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of