Tuesday, 2 September 2014
Last updated 51 min 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...