How We Navigated Election Night Turmoil

Alternative Team Perspectives by David O’Donohue
November 11, 2016

In our market neutral approach, the work of hedging around a major event begins days, weeks or even months before. The U.S. presidential election provides a case in point.

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The Convertible Trifecta, Revisited

Convertible Perspectives by Scott Henderson, CFA
August 23, 2016

We see continued upside opportunities in convertible securities but there may be greater disparity in returns, supporting the need for selectivity and active management.

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Convertible Defaults Remain Muted

Convertible Team Perspectives by Eli Pars, CFA
May 23, 2016

Convertible default rates have remained low and stable over recent years. Co-CIO Eli Pars considers the direction of defaults going forward, including the prospects for the growth-oriented tech and health care sectors the convertible team favors.

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The Convertible Trifecta

R. Scott Henderson
March 2, 2016

Credit spreads have widened dramatically, equities have declined significantly, and convertible valuations have cheapened. A reversal in one of these factors could provide a tailwind to convertibles; if all three reverse, convertibles may be poised for a potentially powerful “trifecta.”

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