Convertible Bonds
Convertible bonds provide a hybrid solution for investors looking for a balanced exposure to financial markets that combines the attractive elements of both equities and bonds. For more than a decade, our team has been deploying its proprietary models and systems to help identify the most attractive opportunities within the asset class. We provide a range of actively managed solutions, designed to exploit the attractive asymmetric return profile of convertible bonds with varying degrees of risk tolerance.
A stable, focused team
Davide Basile has managed the team since January 2010, focusing purely on the management of convertible bond strategies. We believe this stability, undiluted attention and the team’s clear alignment with investors, represent key differentiators as we look to identify and exploit the best opportunities that the asset class has to offer.
Our guide to convertible bonds
Become a convert to convertibles with our guide, designed to help you through the complexities of this attractive market niche.
Why it may be a good time to invest
A total commitment to managing real risks
Ultimately, strong performance comes from ensuring that we do not expose our clients to significant potential loss of capital and, therefore, a disciplined approach to risk is at the forefront of the team’s investment process. Our proprietary risk management system – which considers both micro and macro factors – is key in the day-to-day management of our portfolios, and we offer clients an in-depth monthly risk report.
An active approach to a dynamic asset class
Convertible bonds have the ability to preserve capital in down markets and to participate well on the upside. It requires active management to ensure that portfolios remain consistently positioned towards the most attractive parts of the asset class. Our disciplined investment process has delivered this over time, proving particularly rewarding in periods of high volatility.
The latest insight from George Hill, CFA, Analyst, in the Redwheel Convertible Bonds team assesses how convertible bonds might perform in various scenarios compared to high-yield bonds, taking into account this "hidden duration".
With markets being tested by a new era, the Redwheel Convertible Bonds Team make a case for the benefits convertibles could provide within portfolios.
The concept of Artificial Intelligence (AI) has been around for a while, but is it finally ready to be the Next Big Thing?
Meet the team
Davide is a Partner and head of the Redwheel Convertible Bonds team, having joined Redwheel in 2010 from Morgan Stanley.
Uday is Co-Portfolio Manager and Analyst in the Redwheel Convertible Bonds team, having started his investment career at Redwheel in 2011 as an Intern.
George joined the Redwheel Convertible Bonds team in 2020, having initially started at Redwheel in 2015 as part of the Investor Services team.
Akash began his career at Redwheel in 2014 on a year-long placement as an Analyst in the European Equity team.
