Convertible arbitrage has been part of TPG Angelo Gordon’s investment platform since inception.

The strategy combines fundamental and relative value analysis with active trading to exploit inefficiencies in the convertible bond market. Like many of TPG Angelo Gordon’s liquid strategies, convertible arbitrage seeks to exploit pricing inefficiencies, specifically in the way equity-linked investments are priced.  The team invests globally and seeks to generate returns that arise from static income, convex trades, embedded or realized volatility, or credit spread volatility.