For example, in Figure 3 we plot the estimated probabilities of being in state 2, the high-volatility state, for the fixed-income arbitrage
index for each month from January 1994 to August 2004.
Coast provides investment advisory services to clients in connection with various alternative investment strategies, including multi-advisor funds, fixed-income arbitrage
, convertible-bond arbitrage, and collateralized debt obligations.
The Ferro Absolute Return Index is expected to comprise 20-30 individual hedge funds representing multiple hedge fund strategies, including equity arbitrage, convertible bond arbitrage, fixed-income arbitrage
, event-driven strategies and systematic futures strategies.
hedge fund, which specializes in fixed-income arbitrage
, only recently collapsed and was resuscitated by an unprecedented bailout by 14 private sector banks.
unit and taken steps to substantially reduce the risk of their other arbitrage activities.