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

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

Agecroft Partners: Hedge Fund Industry Assets to increase $250B by Summer 2016

Aug 11 2015 | 11:29am ET

Assets will continue to flow into the hedge fund industry despite long-standing...

 

Editor's Note