Wednesday, 30 July 2014
Last updated 4 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."
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…