Advent Banks on Rising Volatility

The convertible arb specialist has carved out its successful volatility strategy into a new fund.

Illustration by II

Illustration by II

Advent Capital Management has launched a new vehicle that is a pure-play on a successful strategy within its flagship multistrategy hedge fund.

The firm, which specializes in convertible and high-yield bonds, has created Advent Vega, which provides investors direct exposure to a volatility strategy within its Advent Global Partners fund.


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