This content is from: Premium
Convertible Arbitrageurs Are Back in the Saddle
Convertible arbitrageurs, battered from all sides a year ago, are riding high.
If smart investors buy when everyone else is selling, then the partners at AQR Capital Management have looked pretty shrewd lately. At the beginning of this year, they put $30 million of their own money into the firm’s convertible arbitrage strategy, which earned a 25.2 percent return through May. "We
To continue reading, subscribe now to Premium Journalism. Already a subscriber? Login.