Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
Nicolas Cremieux, Mirabuad

32017

Mirabaud Asset Management merges two convertible bonds funds

RELATED TOPICS​

Mirabaud Asset Management is rationalising its ESG compliant convertibles range of solutions by merging two Global Convertibles funds into a single vehicle.The French domiciled fund Altitude Convertible Monde was launched in 2015 to offer Mirabaud’s investors access to one of the very first Global Convertible fund integrating ESG principles in its investment process. Since then, the Luxembourg domiciled Mirabaud-Convertible Bonds Global managed by the same team and designed to cater to a wider European audience has also integrated ESG and sustainability principles in its approach, in line with Mirabaud Asset Management’s strategy for all its funds to integrate ESG criteria.

Since both funds’ investment processes had converged, and in order to allow investors to benefit from econo­mies of scale with a larger pool of assets, Mirabaud has made a proposal, which has been accepted by its investors, to merge the two ESG Convertibles funds together.

 

As a result, the Mirabaud Convertibles Bond Global, launched in 2014, will continue to offer investors access to an outstanding sustainable investment solution in Global Convertibles and a larger pool of assets. The fund is registered for distribution in many European countries including Switzerland. Mirabaud- Convertible Bonds Global is currently rated 4 Stars by Morningstar and is ranked top quartile in its Citywire peer group over 5 years, 3 years and 1 year.

 

Nicolas Crémieux (pictured), Lead Portfolio Manager of both funds, will continue to manage the continuing Mirabaud – Convertibles Bond Global approach under the leadership of Renaud Martin, Head of the Convertibles Bond team.

 

Crémieux and Martin have extensive experience in the convertible bonds industry and currently manage, within a team of four specialists, the European and Global Convertible Bonds Strategies of Mirabaud Asset Management. Being responsible active investors, the investment teams of Mirabaud Asset Management are at the forefront of our ESG approach, supported by a team of dedicated ESG specialists led by Hamid Amoura.

 

Cremieux says: “Convertible bonds’ convexity makes them a strategic asset to navigate markets’ ups and downs. Thanks to their dual nature, they allow investors to maintain a certain exposure to equities’ additional upside potential, whilst keeping the defensive benefits of the bond-floor; all this in an ESG compliant format.”

Latest News

RQI Investors, an Australian-based active quantitative equities manager and part of the First Sentier Investors..
UK-based wealth management companies London & Capital and Waverton have announced that they have reached..
Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence..

Related Articles

British pound coin
Fixed income’s return to favour following widespread interest rate rises has led to investors overcrowding sterling investment grade credit, delegates at the Pensions and Lifetime Savings Association investment conference have heard...
Fixed income’s return to favour following widespread interest rate rises has led to investors overcrowding sterling investment grade credit, delegates..
Sustainable Economy Top Panel
Europe is driving the growth in sustainable investment with global assets under management in ESG-labelled funds passing USD2.8 trillion...
Europe is driving the growth in sustainable investment with global assets under management in ESG-labelled funds passing USD2.8 trillion...
Pension funds
UK institutional investors are questioning the value of investing in private markets despite pressure from government to finance the country’s net zero and levelling up ambitions...
UK institutional investors are questioning the value of investing in private markets despite pressure from government to finance the country’s..
Juan Nozal, Mapfre Asset Management
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024, in what he predicts will be an outstanding year for this asset class...
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024,..
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