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


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