Mirabaud strengthens convertible bond

Nicolas Cremieux is to join Mirabaud Asset Management to assist in the management of its £166.8m Convertible Bond Fund which is headed up by Renaud Martin, as it looks support its recent growth in the sector.

Mirabaud strengthens convertible bond

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He is set to join the firm from Dexia Asset Management mid-August and will be based in the Paris office, where he will work alongside Martin, head of convertible bond management.

He will aid in the launch of a new convertible bond fund, which will be launched as a Ucits fund in a few months, and will be managing analyst on international convertible bonds.

Cremieux has been at Dexia for around 13 years, latterly managing the firm’s Bonds Global Convertible Optimum and the Bonds Europe Convertible funds.

The Mirabaud Convertible Bond Fund was launched in October 2011 and invests in a range of European convertible bonds with the aim of producing medium-long term performance that is at least in line with its benchmark.

French fixed interest currently accounts for the largest proportion of assets, 32%, and in terms of sector it is most heavily weighted in financials, at 18.2%.

Earlier in the month the firm hired Fatima Luis as a senior high yield specialist, where she will work alongside Andrew Lake.

 

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