Ferox, the $1.2 billion global convertible bond specialist
led by Jeremy Herrmann, has had a successful start with its
recently-launched UCITS-compliant convertible arbitrage hedge
fund - with commitments this week taking assets under
management past the $100 million mark.
The Salar Convertible Absolute Return Fund (SCARF) is
showing an annualised return of 6.6% on low volatility since
its launch in September last year - having successfully
navigated the difficult months of November and March, with no
down months since inception.
The SCARF product is the latest addition to the firm's range
of strategies focusing on the global convertible markets -
which also include the long-running Ferox Fund...