A 38 minute watch.

What about Convertible Bonds? Where do they sit? Are they an enhanced fixed income or defensive equity?

In this interview with Andy Brown , Eli Pars, Co CIO and Head of Alternative Strategies at Calamos Investments answers these questions and many more.

A good starting point is to remember what you are actually buying and we talk about the history of convertibles including during the GFC when they perhaps didn’t provide the downside protection that we thought they would and why that was.

Using a multi-dimensional approach, Eli’s previous experience in hedge funds and Calamos Investments convertible arbitrage strategy gives the Calamos fund an interesting and unusual global angle. Most funds in this space have a predominantly European flavour and it feels like the managers look at this asset class as a yield solution. Eli doesn’t and that sheds a different light on this fund. I hope you enjoy watching it!