Métropole Gestion

Convertible bond management

Philosophy  -   Stock picking  -  Bond picking - Convertible bond management

Value convertible bond investing

A bottom-up approach founded on our Value stock picking process and our bond picking process

Active and differentiated management of:

  • equity market sensitivity (active delta management)
  • sensitivity to interest rate fluctuations and changes in credit spreads (active sensitivity management)
  • convexity

Our objectives

  • Capturing a significant portion of the upside in underlying equities over the long term, with very low volatility.
  • Offering a defensive profile: with delta not exceeding 50%.

The investment process

pyramide gestion convertibles


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