Convertible Bonds

The Convertible Bonds strategy aims to provide investors with exposure to global equity and debt markets with significantly lower volatility than the underlying asset classes while maintaining a focus on absolute returns. The strategy aims to combine bottom up security selection with a macro asset allocation overlay within a disciplined risk management framework, with a view to achieving long term capital appreciation. In order to achieve this, the strategy focuses its investment in global convertible bonds. Market hedging is done selectively in order to protect returns from any weakness in the underlying equity and credit markets using mainly derivative instruments (e.g., futures and options).