Froley • Revy Investment Company, Inc August 28, 2008

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   Step Two: Monitoring and Sell Discipline
 
   
 

Daily review of market movements and underlying equity news.


Daily update of convexity rankings. As new convertibles are issued they are ranked by size/convexity according to the quantitative model and further equity and credit analysis is conducted.


Daily VaR reports are analyzed and overall market risk is assessed.


Weekly research meetings provide venue for information exchange among portfolio managers, research associates, and traders.