Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
Handshake

29004

Advent Capital Management strengthens European team

RELATED TOPICS​

Advent Capital Management (Advent), a firm focused on convertible bonds, high yield, and specialist credit investments, is bolstering its team with several new hires and promotions to meet global demand.  

Advent recently strengthened its team in London by adding Alastair Smith as Managing Director of business development. With 25 years of experience, Smith is a veteran of the specialist investment management industry, having worked at the Man Group, GAM and Polar Capital.
 
“It is an honour to work with the best convertibles team in the world and to bring the firm’s expertise to European institutional investors,” says Smith. “I look forward to leveraging Advent’s strong absolute and relative performance, commitment to delivering high-quality investment management solutions and excellent client service to fuel expansion and growth.”
 
Smith’s hire comes as Advent continues to see formidable growth with increased institutional demand for convertible bonds, high yield, and specialist credit. There continues to be particular interest in convertible bonds from investors who wish to benefit from consistent economic and market growth while also closely monitoring capital preservation and risk protection. Historically, convertible bonds have thrived in periods of rising interest rates and increased volatility, and coupled with this year’s strong new issuance, convertible bond investors are seeing a number of compelling opportunities.
 
Tracy Maitland, President and CIO, says: “Advent‘s suite of products are geared towards helping investors who seek to continue to participate in equity market appreciation while never losing sight of the need to protect capital on the downside. Deep, fundamental bottom up credit analysis is and always served as the backbone of each of our investment strategies.” 
 
Advent also recently hired David Moore, who comes to Advent for a second time, as Managing Director in London, along with Ian Mahoney, who joins David’s team as a trading assistant. The team intends to continue to build out its European team with further hires in investor relations and Northern European distribution.
 
In addition, Advent has made changes to its US team to ensure it is best-suited to meet rising global demand. Tony Huang, who has been with Advent for over 11 years, has been promoted to Associate Portfolio Manager for the Global Balanced Strategy and Global Phoenix Strategy. Huang previously served as both an Associate Portfolio Manager for Advent’s closed end funds and as Technology analyst. Prior to joining Advent, Huang held similar responsibilities at Essex Investment Management and Fidelity Investments.
 
With Huang’s promotion, the strategies will continue to follow the same disciplined investment process that has been employed since inception. Said Tony, “I’m looking forward to continuing to serve Advent’s institutional investors, building on the strong analytical, research and portfolio management foundation of more than 20 years, and bringing my own fresh insights and energy to this important asset class.”
 
Additional resources will also be added to the firm’s research team as a result of Huang’s promotion.
 

Latest News

Global index revenues increased 9.3 per cent in 2023, totalling a record USD5.8 billion, according..
Octopus Investments (Octopus) has announced it has launched a Natural Capital Strategy...
Research firm focused on Alternative UCITS funds, Kepler Absolute Hedge, has published its Market Intelligence..

Related Articles

Trends
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100 million deals announced this month alone...
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100..
Different flavours
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led, multi-boutique global asset manager with over USD20 billion under management, recently undertook a survey with 204 UK investment professionals, seeking insights into their perceptions and attitudes towards boutique asset managers...
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led,..
UK map
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be worth billions of pounds in the coming years...
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be..
The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a possible buyout of EY’s Italian consulting branch...
The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by