CONVERTIBLE BONDS

Convertible bonds provide a hybrid solution for investors looking to have a balanced exposure to financial markets and deliver returns that compound with low volatility over time. In conjunction with our integrated ESG analysis and quality bias the RWC Sustainable Convertibles Fund has been built to provide consistent returns for risk conscious investors wanting to incorporate ESG into their portfolio.

Sustainability for convertibles

means many 
different things
to 
different groups.

No investment strategy or risk management technique can guarantee returns or eliminate risks in any market environment.

Convertible Bonds at RWC Partners

With more than $15 trillion in government bonds now trading with negative yields and credit spreads at historically tight levels, risk-conscious investors may feel that they have few areas of opportunity that do not come at the expense of materially adding risk. Yet we believe that a lower-volatility convertible strategy can help investors to preserve capital while still seeking returns and offering diversification benefits. In fact, our RWC Sustainable Convertibles Fund is built with a quality bias and ESG awareness; by emphasizing convertible bonds with moderate equity sensitivity and controlling for risk, we have generated a long-term track record with a high Sharpe ratio.

TEAM

Davide Basile

Davide is the Head of the Team and lead portfolio manager for the RWC Convertible Bond strategies. Davide joined RWC in January 2010 to lead the team and he brought with him a long history in convertible bonds having worked at Morgan Stanley since 2001. At Morgan Stanley Davide worked with in both the Private Wealth and Investment Management divisions, and most recently held the Head of Convertible Bonds position. Davide graduated from Imperial College London with a degree in Material Science Engineering.

Justin Craib-Cox

Justin joined RWC Partners as a senior member of the Convertible Bonds team and co-manager of the RWC Defensive Convertibles Fund in March 2018. He brings extensive industry experience via Investment Management, Trading & Execution, Equity & Credit Research, and Corporate Development. Prior to joining RWC, Justin worked as Senior Fund Manager to the Global Convertible Bond Portfolio, with peak AUM of USD +2.5bn, at Aviva Investments.

Justin was responsible for global allocation, security analysis and selection, trading and execution and generation of risk-adjusted returns. Prior to Aviva Investments, he was deputy fund manager/analyst for global convertible bonds at M&G Investments, working alongside the lead manager for a EUR +1bn portfolio. Justin is a CFA Charterholder, graduated from the University of Virginia where he gained a degree in English and History and earned a Masters in Finance from London Business School.

get to know converts

Click the thumbnail to download the guide to convertible bonds.

MEET THE REST OF THE TEAM

Uday Sikand, CFA

Uday joined RWC Partners as an intern in December 2011; he was subsequently offered a full-time position as a Developer working on risk and performance related projects. He joined the RWC Global Convertibles team in July 2014 as an analyst primarily focusing on security analysis and developing proprietary portfolio models.

His current role is focused around idea generation and security analysis with emphasis on the IT sector in North America and Asia. Uday is a CFA charterholder, graduated from Henley Business School in 2011 where he gained a MSc in Investment Management.

Georgi Dodov

Georgi joined the RWC convertible bonds team in April 2017 from Kepler Cheuvreux. At Kepler Cheuvreux Georgi worked within the convertible bonds team as an analyst where his responsibilities included the production of trade ideas and pricing of issuance structures. Prior to this he was a junior analyst at Aviva Investors.

Georgi has an MSc in Investment and Wealth Management from Imperial College, London and a BSc in International Business, Finance and Economics from the University of Manchester.​

Akash Kanda

Akash joined RWC Partners in June 2014 as an intern in the Long/Short European Equity team and was later offered a full-time position as an Equity Analyst in July 2016. He covered a range of sectors within the European universe and contributed towards idea generation for the portfolio.

In November 2017, Akash joined the RWC convertible bonds team where he now primarily focuses on the fundamental analysis of companies. Akash graduated from Cass Business School in June 2016 with a First-class degree in BSc Hons Investment and Financial Risk Management.

EXPLORE MORE

RWC Asia Convertibles Fund

RWC Sustainable Convertibles Fund

RWC Global Convertibles Fund

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