Convert players keep rally going


Convertible managers kept the rally of recent months going in March.

Aviva Investors' CB arbitrage fund led the way with a gain of 13.73%, for a three-month return of 24%, while GLG Global Convertible Bond was up by 4.4% on the month and Insinger De Beaufort Global Convertible put on 4.55%.

The JB Convertible Bond Fund also netted a gain of nearly 4% on the month, to put its YTD gain up to 10.69%. BCM Market Neutral Fund was up by 2.74% in March for a 4.64% YTD return, while Acropole's Convertible Arbitrage Fund added 1.71% for a YTD