Saturday, 28 November 2015
Last updated 14 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."
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…