CB arb funds start the new year on front foot


Convertible funds started 2011 on a strong footing, with all bar one posting a positive return.

Paris Capital Relative Value, led by ex-KBC duo Carlo Georg and Thomas Korossy, scored a return of over 4% to take its performance since inception six months ago to 6.22%.

Mike Humphries’ Polygon Convertible Opportunity continued its excellent record – gaining another 3.28% and now annualising at over 40% - and Aviva Investors’ CB arb fund was up over 2%.

GLG Market Neutral, the award-winner for 2010, also kept its powerful recent run going with a return of 3.16% on the month