Advent Capital Expands UCITS Family with Global Convertible Fund Launch

Demand from European Investors Prompts Launch of Firm’s Second UCITS Offering this Year

NEW YORK & LONDON--()--Advent Capital Management UK Limited today announced the launch of the Advent Global Convertible Fund, a UCITS-regulated umbrella fund domiciled in Ireland. The fund seeks a positive total return by investing primarily in convertible bonds and convertible preferred securities in any geographic location.

The Advent Global Convertible Fund is the second UCITS launch by Advent this year. In April, the firm debuted the Advent Global Absolute Return Fund, an alternative investment UCITS fund that uses multiple investment strategies, such as relative value and event-driven investments. Advent Capital Management, LLC, which manages approximately $8.7 billion as of June 30, 2015, has been managing UCITS funds since 2009, and currently runs approximately $600 million in UCITS assets on both a direct and subadvised basis.

“The launch of our UCITS fund earlier this year was met with overwhelming enthusiasm from our investors,” said Kris Haber, Advent Capital’s Chief Operating Officer. “Clients have been asking us to develop regulated, commingled vehicles that harness our leadership in both multi-asset alternative investments and convertible bond investing. These two offerings are our response to investor demands.”

Advent is a leading asset manager that has successfully grown its capabilities across the capital structure, capturing opportunities that have built an impressive track record over the last 20 years. The firm utilizes a dynamic, bottom-up, fundamental approach to security selection which will be employed in the Advent Global Convertible Fund.

The new UCITS fund is co-managed by Hart Woodson and David Hulme.

Mr. Woodson has 30 years of industry experience, the majority of which has been focused on the convertibles market, and is the author of Global Convertible Investing. Mr. Woodson joined Advent from GAMCO Investors where he managed the Gabelli Global Convertible Securities Fund. He has also held positions at ABN AMRO Bank in the Netherlands and Meridien International Bank.

Mr. Hulme has worked in the investment industry for 21 years. He joined Advent from Van Eck Global Asset Management where he served as Investment Director and co-managed their global emerging market equity funds. He also held positions at Peregrine Asset Management and in the Financial Markets group at PriceWaterhouse.

About Advent Capital Management, LLC

Advent Capital Management, LLC, is a registered investment advisor founded in 1995. Advent manages approximately $8.7 billion in assets on behalf of corporations, public pension plans, foundations, endowments and high net worth individuals, globally, across a variety of alternative investment, traditional and closed-end fund strategies. The firm’s proficiency in investing across the entire capital structure is driven by rigorous analysis and proprietary fundamental, credit and equity research. Investment professionals collaborate globally to deliver compelling absolute and risk-adjusted returns for its clients.

The material contained in this document is not to be regarded as an offer to buy or sell or the solicitation of any offer to buy or sell securities in any jurisdiction where such an offer or solicitation is against the law, or to anyone to whom it is unlawful to make such an offer or solicitation, or if the person making the offer or solicitation is not qualified to do so.

The information on this document does not constitute legal, tax, or investment advice. You must not, therefore, rely on the content of this document when making any investment decisions.

The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.

For further information on the fund’s investment policy, please refer to the Key Investor Information Document (“KIID”).

Advent UCITS Funds plc has been authorised by the Central Bank of Ireland as a UCITS and has been registered for public distribution in certain EU countries. Prospective investors are referred to the Funds' prospectus for further information. Prospective investors are also urged to consult their own professional advisors on the implications of making an investment in, and holding or disposing shares of the Funds and the receipt of distributions with respect to such shares under the law of the countries in which they are liable to taxation.

The manager of Advent UCITS Funds plc is Advent Capital Management, LLC. Advent Capital Management UK Limited is the distributor of Advent UCITS Funds plc.

Issued by Advent Capital Management UK Limited which is authorised and regulated in the UK by the Financial Conduct Authority.


Water & Wall Group
Mark LaVoie, 212-625-2365

Release Summary

Advent Capital Expands UCITS Family with Global Convertible Fund Launch. Demand from European Investors Prompts Launch of Firm’s Second UCITS Offering this Year.


Water & Wall Group
Mark LaVoie, 212-625-2365