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Convertible Securities
Objective
- Capitalize on the structural advantages of the convertible asset class to generate asymmetric, equity-like returns with lower volatility over the long term
Philosophy
- Bottom-up, fundamental research seeks to identify investments with favorable risk/reward characteristics
- Capitalize on market inefficiencies by investing in high-quality companies with mispriced stocks and/or convertible securities
- Bias towards growth and larger capitalization convertibles which can offer attractive and consistent capital appreciation potential across the business cycle
Benchmark
ICE BofA U.S. Convertible Index