Saturday, 28 November 2015
Last updated 19 hours ago
Dec 2 2008 | 9:23am ET
Convertible bonds have burned hedge funds in a big way this year, but one firm is betting that next year will bring a different story.
RWC Partners plans to launch a convertible bond fund in January, aiming to profit from the difficulties convertibles have suffered this year. The firm’s Distressed Convertibles Fund will invest in undervalued convertible bonds, which have been made even cheaper by forced selling, much of it by other hedge funds.
The long-only fund will not employ the arbitrage strategy that has caused so much suffering this year, and will invest only in listed convertibles.
The fund will be managed by Miles Geldard, who runs the firm’s two-year-old Global Convertibles Fund.
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…