Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Convertible arbitrage exploits mispricings between convertible bonds and their underlying equity, offering market-neutral returns with low correlation to broader markets. A passive, static portfolio ...

Risk-free profit. It sounds nice, doesn't it? That's what arbitrage strategies look to accomplish. But what is arbitrage? The term "arbitrage" tends to get thrown around a lot, and not always ...

CMNIX performed well during the quarter, delivering returns consistent with traditional fixed income while maintaining the reduced volatility and interest-rate risk that investors seek from bond ...