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...