convertible bonds.

a leader in the field

At Lombard Odier IM we are proud to be one of the largest managers of convertible bonds, with a well-resourced, dedicated and highly-experienced investment team and a product range that has attracted praise and accolades over more than two decades.

range and approach

Our market-leading range of convertible bond strategies is designed to capture the asymmetry of the asset class, seeking to deliver upside participation with a strong focus on downside protection. Our strategies include the following:

  • Global
  • Low delta
  • Asia
  • High Yield

Our primary focus is on good quality credit, which we see as crucial for capturing the fundamental asymmetry of the convertible bond profile.

For investors whose primary objective is yield, our preferred approach is to find the best quality credit, with a bias towards securities rated BB and BBB. We believe this can help to deliver an optimal balance between yield, bond-floor protection and equity participation.