Alma Capital launches convertible arbitrage fund
Alma Capital Investment Management has teamed up with DLD Asset Management to launch a Convertible Arbitrage strategy on Alma Capital’s UCITS platform.
The Alma Platinum IV DLD Convertible Arbitrage launched on 16 of July and has already gathered over USD150 million in AuM.
The Ffnd seeks to generate absolute returns by utilising a spectrum of convertible arbitrage strategies, which are designed to profit from identifying mis-priced or expected return differentials that exist between a convertible security and its underlying equity.
DLD Asset Management was founded in 2013 by Mark Friedman, who has over 29 years of extensive arbitrage and options trading experience. The company has raised over USD1 billion in assets since inception.
“At Alma Capital, we constantly strive to launch robust investment strategies managed by talented fund managers that provide investors with an attractive risk-reward and diversification potential. We are pleased to be partnering with Mark Friedman and his team at DLD in delivering their convertible arbitrage expertise in UCITS,” says Henri Vernhes, CEO of Alma Capital.
“We are very excited about the opportunity set in the US Convertible Arbitrage Market, and we think offering this product in UCITS form is a real differentiator/opportunity. We spent a considerable amount of time searching for the right partner and are thrilled to be working with the excellent team at Alma on this project,” says Mark Friedman, Principal and CIO at DLD.