Carl Fox

Head of Convertibles at Union Investment
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Bio

Carl has over 20 years of experience with managing portfolios, building and leading a world-class portfolio management teams specialized in the areas of long-only convertible bonds and developing multi-asset and derivative-structured absolute return strategies.

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  • This year, convertible bonds have already demonstrated their convexity very well: The loss in value of the convertible bond markets during the Corona crisis was around 1/3 of the loss in value of the stock markets since the outbreak of the crisis. Before the crisis, the global convertible bond market achieved almost the same gains as the equity market: the MSCI World EUR Hedged returned 3.76% through February 20 compared to 4.29% for the Refinitiv Global Focus Convertible Index. Until March 23, a loss of -30.57% on the global stock market was offset by a significantly smaller decline of
    -12.18% in the Refinitiv Global Focus Convertible Index.

    14 March 2021
  • article
    14 March 2021
Employment
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