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
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...