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By Benedicte Gravrand, Opalesque London: Advent Capital Management, LLC, the $4.2bln New York and London based investment manager, launched the Global Opportunity Strategy earlier this month. The multi-strategy product will leverage Advent's existing platform and pragmatic process to capture the firm’s best investment ideas.
The allocation process will be agnostic to asset class and will utilize the firm’s deep fundamental credit expertise to exploit opportunities across the entire capital structure.
The trading strategies include arbitrage, long/short credit, special situations equities and volatility, added Laurent Leclercq, director at Advent, in an email communication to Opalesque. “Our approach identifies critical drivers at different points in the cycle, that is: (1) Long term drivers: fundamental analysis and ideas generation from our team of ten global capital structure analysts, and (2) Short term drivers: market liquidity, spreads, supply/demand of securities.”
The strategy will be co-managed by Odell Lambroza and Daniel Frommer. Mr. Lambroza has been at Advent since 2001 and also serves as a portfolio manager on the Advent Convertible Arbitrage Strategy. Mr. Frommer joined Advent in June from Bear Stearns where he was a Senior Managing Director and Co-Head of the High Yield Trading desk. Mr. Lambroza commented, “This is the ideal time to launch a strategy that can take advantage of the dislocations w...................... To view our full article Click here
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