Long Only Convertible Strategy
Camden’s Long Only Convertible Strategy seeks to provide compelling risk-adjusted returns by identifying securities we perceive to be undervalued in the convertible asset class.
We build a diversified, balanced portfolio of convertible bonds with the goal of achieving at least 75%-85% equity participation of a convertibles index while earning higher yields with optimal downside protection.
We believe Camden’s credit research and fixed income orientation provide the opportunity for our strategy to outperform the index during periods when the equity markets are challenged and keep pace when equity markets are strengthening.
In particular, we focus on capturing event optionality of both the company and the security structure.
Camden has managed the strategy since 2009.
Please refer to the Long Only Convertible Composite for historical performance.