AllNews - Convertible bonds: The positive impact of the revival of arbitrage strategies
On Monday 1st of July, AllNews published an article written by Cyril BATKIN, Convertible Trader & Portfolio Manager at Ellipsis AM, zooming in on the positive impact of the revival of arbitrage strategies on convertible bonds.
"The return of hedge funds to convertible bonds is an opportunity for directional investors."
Extract:
"The convertible bond (CB) market is active again in 2024. This year, we have seen record issuance of $57 billion (26 in Q1 and 31 in Q2), and it is notable that hedge funds are strongly redeploying capital into convertibles as a result of subscriptions and a revival of arbitrage strategies in the asset class."
Disclaimer: The information relating to the instruments or issuers mentioned in this article is for illustrative purposes only and does not constitute a buy or sell investment recommendation. At the time of publication of this article, the portfolios managed by Ellipsis AM may or may not be exposed to the issuers mentioned and the issuers may no longer be present in the portfolio at a later date. Future management decisions are not constrained by the statements and analyses reported and may even go in the opposite direction.