Convertible Arb. Shows Solid Returns, Takes Number Two Spot In Indices

Nov 10 2006 | 12:01pm ET

By Deirdre Brennan

After an ugly 2005, hedge fund experts declared convertible arbitrage all but dead, saying that the field was too crowded and opportunities were far and few between. While October returns for the asset class were weak (up 0.76%, according to the Dow Jones Hedge Fund Indexes), convertible arbitrage managers posted the best results for the third quarter, 3.27%, and the strategy is up 9.51% year-to-date, making it second-highest performer in the Dow Jones indices.


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Publisher's Note

    Hedge Funds Care Gala Raises $2 Million For Charity

    Mar 10 2014 | 11:33am ET

    A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…