Convertible funds that are firing

Thu May 1, 2003



1. Argent Classic Convertible Arbitrage

Portfolio manager Bobby Richardson achieved returns of 3.5% for class-C shares of the Argent Classic Convertible Arbitrage Fund LP in the first quarter of 2003. Magnified by leverage, class-A Shares of the same fund returned 12.5%. And, class-B shares, levered up six times, gained 24.1% over the same stretch.

The fund saw its biggest gains in March with the help of gamma trading that exploited a spike in volatility brought on by investor mood swings over...

ISSN: 2151-1845 / CDC10004H

TAKE A FREE TRIAL

The full contents of this article are available to active AR subscribers and trialists only.

To continue reading please,
take a free trialsubscribe or log in to AR.

Subscribe

Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.

Subscribe now