Hedge funds look for new game plans

Convertible arbitrage and short-selling have been the cornerstones of hedge fund strategies. Competition and difficult underlying markets, however, are forcing managers to reconsider their game plans.

Does anyone mind style drift? | Amplitude Capital: maximizing short-term trends | Joe Feshbach Partners: 180 degree turn | Axis Capital: revolutionizing arbitrage

Helen Avery looks at the ways in which they are switching strategies to keep up with the pack.

NABIL DEBS STARTED running hedge fund Plutus Convertible Europe at the beginning of 2004. As its name suggests, Plutus was predominantly a convertible arbitrage fund. One year on, however, most of its assets are invested in equity long/short, with convertibles only 15% of the portfolio.

Thanks for your interest in Euromoney!
To unlock this article: