This is the 9th edition of our 50 Leading Women in Hedge Funds report and is published in association with EY for the eighth time. We thank EY for their continued support. Sixteen women featured in this report work for fifteen fund managers who are appearing for the first time namely US firms Kirkoswald Asset …
The Hedge Fund Journal | 50 Leading Women in Hedge Funds 2021 Read More »
What is an Unlevered Hedged Convertible Arbitrage allocation? An Unlevered Hedged Convertible allocation is a conservative version of Convertible Arbitrage. The investment objective of this strategy is to provide enhanced income and a diversifying return, while still significantly reducing portfolio volatility. The strategy delivers high interest income available on convertible securities, while hedging the equity …
The unprecedented combination of artificially low, central bank manipulated treasury bond yields with elevated inflation presents investors with a serious challenge. When investors earn a rate of interest that is substantially below the rate of price increases in the economy, they lose purchasing power. The loss of purchasing power is very different than periodic corrections …
The Convertible Market generated positive returns and outpaced major fixed income asset classes in the first half of 2021. As represented by the ICE BofA ML All US Convertible Index (VXA0), the asset class returned 6.90%. This was primarily driven by strong performance of the underlying equities at 12.45%. Convertibles benefited from strong returns in …
2021 SSI Convertible Mid-Year Review and Outlook Read More »
As we approach mid-year, a convergence of factors has helped the Convertibles market maintain its status as a formidable asset class:
Allocators and consultants continue to seek out alternative options to a core fixed income allocation as concerns grow over rising rates and the possibility of heightened volatility. As rates have continued to rise, investors are turning to less liquid or non-core options and one of the asset classes that is commonly utilized is the high yield market. …
Yields on longer-dated treasury bonds rose sharply over the past year, igniting investor concerns about the impact of rising rates on fixed income returns. The absolute level of yield on the 10-year treasury has historically been the best predictor of 10-year forward returns on fixed income, which makes it difficult for allocators to meet their …
Convertibles – A Superior Fixed Income Alternative in a Rising Rate Environment Read More »
An allocation to low volatility strategies has been a key component for helping to reduce the overall risk levels of a portfolio. They have reduced the overall risk metrics of a portfolio by helping to limit, in some cases, the downside risk during down markets. However, they suffer from a large disadvantage when compared to …
