Former Merrill Trader Joins Convertible Arb. Hedge Fund

Nov 27 2007 | 11:05am ET

Bernie Pallicer has joined Advent Capital Management as a managing director and associate portfolio manager on the firm’s convertible hedge funds and global convertible products. 

Previously, Pallicer spent 13 years at Merrill Lynch where he ran the convertible trading desk after earlier serving in the high-yield department and trading emerging markets.

“Bernie brings a breadth of experience in convertible securities and we are excited to have him on board during this time of positive transformation in the convertible market,” said Tracy Maitland, president and CIO of Advent.

Advent currently manages some $4.4 billion in convertible, high-yield, equity and event-driven strategies, including three NYSE-listed closed-end mutual funds.

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