Tuesday, 21 October 2014
Last updated 7 min 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...