Performance Wrappers / Structures

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


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