Sunday, 21 September 2014
Last updated 1 day 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."
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.