CEFA was joined by F. Barry Nelson, Partner at Advent Capital Management LLC. The following Q&A recaps a discussion about how convertible securities found in closed-end funds offer a compelling opportunity to add value in portfolios given the volatility that has re-emerged in the market. The following Q&A recaps the conversation that originally took place as part of CEFA’s podcast series which can be heard here.
CEFA: Advent is mostly known for managing convertible securities. How do the benefits and risks associated with convertibles fit with our current market environment?
FBN: Convertibles are an