A Ray of Hope In Convert Market

Erica Tunick, Britt
June 2005
Investment Dealers' Digest;6/6/2005, Vol. 72 Issue 22, p7
Trade Publication
The article focuses on new trends in the convertible bonds market. New issuance of convertible bonds has been underwhelming in recent months, but trading activity in the secondary market has begun to pick up, and bankers are optimistic that a turnaround in the secondary convert market may be in the offing. This has been spurred in large part by the gradual return of non-hedge fund investors. As convertible pricing has started to become more favorable for investors, many of the investor groups that peopled the sector before the hedge funds muscled them aside have begun to dip their toes back into secondary convertibles.


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