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| Screen for Convexity |
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- Determine convexity of a security by calculating conversion premium and investment value
- Apply proprietary convexity optimizing model
- Rank convertible securities
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Fundamental
& Credit Analysis |
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- Review balance sheets, financial ratios, earnings and revenue growth trends
- Sustainable competitive advantage, management quality
- Credit score, indenture provisions
- Generate proprietary credit spreads
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| Macro Outlook |
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- Apply value-at-risk model, identify overall market risk
- Interest rate outlook
- Consider position on the business cycle
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| Customize Portfolio |
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- Identify appropriate positions based on specific client guidelines, objectives and risk tolerance
- Determine leverage (convertible arbitrage only)
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