Ferox hits $100m mark with UCITS-compliant CB product

Thu Apr 28, 2011




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 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...

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