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)
- 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%.