Wellesley Asset Management Surpasses $3 Billion in Regulatory Assets Under Management as They Celebrate Their 30th Year Anniversary.
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Market Insights
Convertible Investor – Summer 2021
- Inflation is Rearing its Ugly Head – Is Your Portfolio?
- Downside Protection: A Case Study of WAM’s Returns in 2008
- The Rational Investor
- Q&A with the Portfolio Managers
The Benefits of Convertible Arbitrage
Convertible arbitrage has evolved and is attractive currently because of the return/risk dynamics that it provides during volatile equity markets, in an environment of lower interest rates, vastly improved credits due to abundant liquidity, and lofty equity valuations.
Spring: Convertible Investor
This year marks Wellesley Asset Management’s 30th anniversary! We are extremely proud of our history, the tremendous effort of employees and the trust and confidence our clients have placed in us over the years to grow and protect their assets.
The Benefits of Synthetic Convertible Bonds
Convertible bond investors are often frustrated with limited investment choices or options regarding convertible securities especially related to sporadic or narrow convertible issuance, or that the universe of companies and sectors with outstanding convertibles is not larger or more diverse.
Convertible Bonds & Rising Interest Rates
The trend of lower rates accelerated beginning November 8, 2018 when 10-year U.S. Treasury bond yields began a descent that saw their yield drop from 3.23% to a recent jaw-dropping all-time low of 0.40% on March 9, 2020.
Sweet Spot Investing with Convertibles
Convertible bonds are sometimes considered the “Swiss Army knife” of financial products because they can provide investors with principal protection (barring default), income, and equity-like returns.
Advantages of Synthetics
Unlike traditional convertible bonds, the credit exposure of a synthetic remains with the issuing company, typically a bank. The equity exposure, however, is tied to the underlying company’s stock.
Chasing Dividends Instead of Buying Bonds
One of the biggest challenges facing retirees is trying to find the “right” amount of money to receive on a
monthly basis.
We put the interest of each and every client first.
Leadership
Michael Miller
As President and Chief Investment Officer of Wellesley Asset Management, Inc. and a Portfolio Manager of the firm’s mutual funds, separately managed accounts and private fund.
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Greg Miller
CEO and founder of Wellesley Asset Management in 1991, Greg draws on over thirty-five years of investment and financial experience.
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