Camden Asset Management, LP

Investment Approach

Camden’s investment philosophy is predicated upon the following four tenets:

Strive to consistently outperform a client’s benchmark, or to provide steady absolute returns where leverage is applied;
Employ a collaborative, team approach to the management of convertible bonds;
Apply a long-term value discipline emphasizing fundamental bottoms-up research;
Seek to mitigate volatility through diversification, quantitative scenario analysis and proprietary technologies

These philosophies have remained consistent since our inception in 1991.

Camden Bond

We manage a portfolio predominately of unlevered hedged convertible bonds as the foundation of our core plus fixed income strategy.

When combined with the duration-appropriate Treasury futures, which tend to be negatively correlated to credit exposure, we believe the strategy has provided compelling risk-adjusted returns relative to its benchmark. (Past performance is not indicative of future results.)

Camden Bond may also serve as an effective component of an alternative fixed income allocation. More

Camden Enhanced Strategies

We combine hedged convertibles with equity futures to create equity portfolios with the goal of generating excess returns over a client’s benchmark.

We believe hedged convertibles offer an attractive source of alpha from a related but less correlated source of return. More

Camden Leveraged Arbitrage

We use leverage to enhance returns on a portfolio of primarily hedged convertibles with the goal of generating attractive and steady absolute returns.

Camden generally hedges the equity and interest rate risk of the convertible in order to take advantage of what we see as opportunities in the mispricing of credit risk, equity volatility and/or corporate events. More

Long Only Convertible Strategy

We manage portfolios of long only convertibles customized to our clients’ needs. We specialize in identifying what we perceive to be attractively priced credits with reasonable equity participation.

Over the history of the asset class, the inclusion of convertibles has been shown to enhance the risk and return characteristics of traditional portfolios. (Past performance is not indicative of future results.) More

Innovative investment solutions since 1991.

Portfolio Managers

Contact Camden

Marketing & Client Services

Barbara Detwiler

Partner, Director of Marketing

(914) 961-0246
BDetwiler[at]camdenasset[dot]com

John Mendell

Director of Marketing

(310) 203-4200
JMendell[at]camdenasset[dot]com

Scarlett Mendoza-Manganaro

(310) 785-9755
SManganaro[at]camdenasset[dot]com