The HFRI RV: Fixed Income - Asset Backed and Convertible Arbitrage
Indices posted gains of +0.
13%) with assets across various strategies, such as long/short equity, energy arbitrage, convertible arbitrage
, and asset based convertible debt.
introduced Elite Access, a new investment vehicle providing access to alternative investment classes, including managed futures, commodities, listed private equity, global infrastructure, convertible arbitrage
and emerging markets.
In his new role, Kilcullen will focus on developing the desk's trading with convertible arbitrage
and special situation clients, and enhance Nomura's delivery of cross-asset trading solutions for customers.
Carduus is to focus on event-driven and relative-value strategies, including long/short credit, distressed debt and convertible arbitrage
An Investcorp Interlachen Capital Group fund has received the Hedgeweek 2010 award for the best 'Multi-Strategy Fund', and an Investcorp Silverback Asset Management fund has been ranked number one in 'The Barclays Managed Funds Q1 Report' for the 'Top 10 Convertible Arbitrage
Manager - Past Three Years'.
was among 2008's worst-performing strategies, but it was 2009's second-best strategy.
A sampling of terms defined includes: active premium, aggregation, angel financing, asset allocation, backwardation, benchmark, bridge loan, capital structure arbitrage, coefficient of determination, commodity option, convertible arbitrage
, deferred futures, discretionary trading, distressed debt, enumerated agricultural commodities, extrinsic value, follow-on funding, hedge ratio, interdelivery spread, long short equity, modified value-at-risk, offshore fund, piggyback registration, social entrepreneurship, systematic trading, tracking error, underlying futures contract, venture capital method, and weather premium.
, emerging markets, event driven, distressed, event-driven multistrategy, risk arbitrage, fixed-income arbitrage, and multistrategy funds all have skewness coefficients less than zero, in some cases substantially so.
strategies experienced unusual difficulty: convertible arbitrage
According to Ener1, Gassenheimer most recently served with hedge fund Satellite Asset Management, where he acted as managing director and portfolio manager of the fund's Convertible Arbitrage
Division and Private Investment Group.
That means taking long and short positions on stocks and bonds and diversifying into mortgage-backed securities, distressed securities, convertible arbitrage
and other financial instruments.