Thursday, 28 May 2015
Last updated 5 hours ago
Aug 16 2013 | 1:19am ET
Polar Capital is set to launch a UCITS-compliant convertible bond fund, helmed by the managers of its existing US$40 million convertibles vehicle.
The Polar Capital Global Convertibles Fund will be domiciled in Dublin, pending regulatory approval. The new offering will focus on bonds paying a 3% yield or more, with between 40 and 50 positions, weighted towards the U.S. and Europe.
The ALVA Global Convertible Fund, launched in November 2010 and managed by David Keetley and Steve McCormick, has returned 10.7% over the past year.
"The idea came about through client demand, as they look to move away from the bond market and gain exposure to convertibles instead," Keetley told Investment Week. "The fund will have higher volatility and more return potential than the existing vehicle."
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…