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