December 2004 An insight into how convertible arbitrage works and what lies behind its extraordinary risk adjusted return statistics Heard of an asset class that earns current income, has a principal ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Convertible Arbitrage: Managers invest in companies' convertible securities. Typically, they will be long the convertible bond and short the common stock of the same company. Positions are designed to ...

Convertible-bond-arbitrage funds thrive on the sort of uncertainty roiling markets today, but they've also held their own in calmer times. Convertible-bond-arbitrage funds thrive on the sort of ...

Hedge funds are establishing convertible arbitrage positions. Related to the notes offering, Okta is entering into capped call transactions with institutional investors, a common maneuver intended to ...

Since inception through year-end 2025, CMRGX’s correlations to the S&P 500 and Bloomberg US Aggregate Index were 0.35% and 0.17%, respectively. Read more here.

The strategy performed well during the quarter, delivering returns consistent with traditional fixed income while maintaining the reduced volatility and interest-rate risk investors seek from bond ...

The investment seeks to achieve positive absolute returns over the long-term with low volatility when compared to traditional market indices. The fund invests primarily in a diversified portfolio of ...

During the first four months of this year, convertible investors witnessed a peculiar event. While the Standard & Poor's 500 dropped 4.0 percent, convertible funds declined 6.6 percent, according to ...