Recent Jobs
RWC Preps Distressed Convertibles Fund
December 2, 2008
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.
Print This
Send This
ReprintsMore News
- Former Prudential Rep Fined For Market Timing
- C.P. Eaton Adds To Shanghai Team
- Quality Is Key For Hedge Fund Operations
- Rival Cap Launches Feeder Fund
- No ‘Value’ In Van Biema’s Multi-Strat Hedge Funds
- Citadel Funds Fell By Half Last Year
- Millennium Names Independent Administrator
- Vitol Cuts Ties With Hedge Fund Trader
- Marathon Promotes Five To Partnership
- Mass. PRIM Seeks Funds Of Hedge Funds Consultant
- Credit Suisse Nets ‘AIR’ In December
- Bermuda Reinsurer Trims Hedge Fund Portfolio After Losses
- Seismic Changes Underway For Current HF Model
- Fortress Wont Pay Dividends For Q4
- Deephaven’s Euro Hedge Funds Shine In A Down Year
Upcoming Events
This Week's Most Viewed
Guest Contributor
Quality Is Key For Hedge Fund Operations
By Marshall Saffer -- The past year has been a difficult one for hedge funds. Market conditions, regulatory emergency orders and volatility all affected the ability of funds to develop and maintain strategies that made for consistent performance. More...
- A Run On Hedge Funds: Redemption Strategies And Responses
- Offshore Research Gains Momentum With Hedge Funds
- Heeding The Lessons of The Madoff Scandal
More guest contributors
Cleantech Corner
Federal Gas Tax Would Lead To Myriad Benefits
By Pamela Schwab and Christina Erickson -- Two weeks out from the inauguration of President-elect Barack Obama, the buzz is building on what tools will shape the Obama administration’s economic stimulus plan. More...
- London Shop Preps Carbon Hedge Fund
- Investments For An Obama Administration
- Energy Efficiency Is The True Alternative Energy
More Cleantech
In Depth
Roundtable Sheds Light On ‘Secretive’ Industry
Not many people can get away with interrupting legendary investor Carl Icahn in the middle of a speech, but the corporate raider’s fierce reputation did not dissuade Stanley Goldstein. More...
- McNally: Recession Is Best Time To Invest
- Quant Hedge Funds Rise In Falling Markets
- Half of Hedge Funds Will Not Survive
More features