Thursday, 23 March 2017
Last updated 4 hours ago
Mar 3 2006 | 12:00am ET
Advent Capital Management is preparing to launch a new global convertibles strategy and has hired Hart Woodson as managing director and global convertible portfolio manager. F. Barry Nelson, senior v.p., research director and co-portfolio manager, said the firm thinks that “there are terrific opportunities around the world to maximize our returns.”
Woodson, previously senior v.p. at GAMCO Investors, where he managed the Gabelli Global Convertible Securities Fund, will also assist with the growth of the firm’s global long-only, hedge fund and mutual fund strategies. He will be based in the firm’s New York office.
Advent Capital has approximately $3 billion in assets under management.
Meanwhile, GAMCO has replaced Hartswell with a three-member team, which includes Nancy Enslein Stuebe, Joshua Fenton and Mario Gabelli. Stuebe was a founding partner of the convertible bond firm and has also worked in portfolio management at various firms including William D. Witter and Oppenheimer Funds. Fenton was previously the director of buy side research at GAMCO, and Gabelli has guided GAMCO’s convertible strategy since the firm’s founding in 1977.