Wrappers / Structures

Ferox to launch UCITS convertible hedge fund


Ferox, the $1 billion global convertible bond specialist led by Jeremy Herrmann, is planning to launch a UCITS convertible arbitrage hedge fund in July - joining the growing list of leading hedge funds in a growing range of strategies that are adopting the UCITS format.

The new launch will broaden the firm's range of investment strategies focusing on the global convertible bond markets - joining the long-running Ferox Fund flagship CB arb strategy, the Ferox Bear short-biased fund and the UCITS-compliant long-only Salar product.

The new Salar Convertible Absolute Return Fund will be managed by Alex Warren, a founding partner