Wake leads the way as convertible and volatility arbitrage traders make hay


Convertible and volatility traders have generally succeeded in capitalising on the increased levels of volatility and market disruption that have plagued most other strategies in the first half of the year.

Wake Convertible Arbitrage has made 19.92% in the first half after gaining 1.18% in June. SC Convertible Bonds is up 11.13% YTD despite losing 1.09% last month and BlueBay Convertible Plus is up 8.15% YTD in spite of a 0.78% June drop.

Polygon Convertible Opportunity has made 8.13% YTD after a 1.52% gain last month. The BG Fund was down 0.26% on the month but has made