15.12.2008 - The rush to be seen in a convertible
From FT: Pension funds and sovereign wealth funds are starting to invest large amounts in convertible bonds after forced selling by hedge funds pushed prices to all-time lows. A wave of fund launches focused on the troubled convertible bond market has been accompanied by plans by large European pension funds and middle eastern sovereign wealth funds to invest heavily – with one planning to put $1bn into the market..... Full Article: Source