Wellesley Asset Management, Inc. is an independent, registered investment advisory firm. Utilizing convertible bonds, Wellesley offers many different types of investors a non-traditional approach to achieving return while seeking to mitigate risk. Founded in 1991 by Greg Miller, the firm currently manages approximately $2 billion in assets. Wellesley Asset Management is a proud recipient of many industry awards and accolades and is known for its expertise in convertible bond management.
Wellesley Convertible Bond
Wellesley's investment strategy is a multi-step process based on fundamental analysis. First, they typically look for convertible bond issues from entities that are financially strong, have attractive "put" and "call" provisions and an appropriate equity premium. Second, Wellesley seeks companies with expanding sales and profits, good management, and positive overall prospects. Third, the overall economic outlook is considered, including interest rate projections and prospects for the industry. The goal is to select convertible bonds with the potential to produce attractive absolute returns over full market cycles (5 to 7 year periods) with minimal losses.
The strategy fact sheet, which includes important information and disclosures, is available on request from your HWM Advisor.
View the Wellesley introduction video
Understanding the Basics of Convertible Bonds.