Sentence examples for convertible fund from inspiring English sources

Because REIT's typically provide low-double-digit returns and good yields, "they're very appropriate for a convertible fund," he said.

In 2005, when convertible arbitrage was losing money, Robert Vogel, who manages the group's concentrated convertible fund, was depressed about the market.

Calamos has reopened his Convertible Fund.

This fund's 13.4% annual return over the last decade puts Bancroft ahead of the average convertible fund.

His Calamos Convertible Fund, 74% in convertible bonds and 7% in convertible preferred shares, is down 31% so far this year.

Because the fees are quite reasonable for so small a fund, the managers hardly get rich: In the last fiscal year Bancroft and another small closed-end convertible fund, Ellsworth Convertible Growth & Income, produced just $1.3 million in management fees.

Convertible funds are most successful when the market moves up and down sharply.

Gains in convertible funds have slowed in recent months, to 0.13percentt in June and 1.04percentt in July, versus 2.65percentt in January.

"Over the past five years, by traditional measures of risk, convertible funds are one-third less risky than the S.& P.," Mr. Steffens said.

Jane Buchan, managing director at the Pacific Alternative Asset Management Company, which advises institutions on hedge fund investing, said, "The time to get there is right before the big performance occurs".. David Smith, chief investment director at Global Asset Management, which runs a fund of hedge funds, says the convertible funds carry increasing risk.

Now, fresh off the convertible funding, Yahoo! has more flexibility to even buy revenue and earnings growth.