On Tuesday 23rd of November we had our last Meeting Europe of the year with the Portfolio managers of the Asia Opportunity Convertible Fund, Mirae Asset Global Investments and the The BiG Diversified Macro Fund from Banco de Investimento Global (BiG) presenting their funds to the fund selectors who attended their private meetings.
Mirae Asset Global Investments
“The basic premise of the way that I have set up a fund is to obviously create an asymmetric or convex profile and you know, there are lots of ways, people can do create a profile.”
“In Asia, given the markets here, not very deep or you know they’re not very many products like a little more liquidity and CDS or put something on names with variety of range, it takes a bit of creativity to actually create a profile here.”
“Stop by screen to bring down, obviously the implied probability of default would come of company increases, and so you have to play a wider credit spread, which therefore means the bond floor goes lower or to eventually to know to zero or recovery value.”Jag Bansal, CFA, Portfolio Manager
Jag has been managing convertible bonds and credit portfolios for over 21 years. Jag co–managed a USD 1bn convertible bond portfolio at Nine Masts Capital. He set up Natixis’ Asia trading desk and started his career at Merrill Lynch in London as a Trader in various asset classes including convertible bonds.
Banco de Investimento Global (BiG)
“This macro strategy we start to develop and invest in 2012 this was originally a book a trading book within the banks treasury basically the bank’s treasury consisted. Mainly at of peripheral bond to trading, which we did quite well during the sovereign crisis, this is where mean and they met and at this at the same time we we have we were developing some parallel portfolios and, of course, in a smaller dimension to explore.”
“Some exposure to the different plethora of commodities, so in that respect to use its fund would be very limiting we would have to go through the total return swaps, we wanted to keep the strategy as loyal. Perfectly loyal to the one we had been investing since 2012 so we sacrifice the bits of.”Ricardo Seabra, CFA, Co-Head Portfolio Manager
Ricardo Seabra, CFA charterholder and currently Co-Head Portfolio Manager of BiG Diversified Macro Fund at Banco de Investimento Global. With a tenure of over 14 years at BiG, spanning an array of financial market and leadership roles including multi-asset sales trading and proprietary trading in both peripheral debt and macro markets. In 2018 co-founded the new Alternative Investments department that currently harbours the bank’s flagship multi-strategy absolute return fund. Occasional commentary on economics and politics in national TV and print media.