Hedge Funds Ride With Convertibles
Traders Magazine, July 2000
Hedge funds account for an ever-increasing portion of trading business for Wall Street's biggest firms.
But while equity desks - and especially their customers - may abhor the hedge funds for their flipping and short-selling, the convertibles desks love them. Hedge funds are considered an important source of liquidity not only by Street convertible traders, but also by their traditional pension fund and mutual fund customers.
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