[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

reverse convertible



PureBytes Links

Trading Reference Links

I asked a friend of mine who works for a convertible hedge fund about
reverse convertibles. This was his response:

Basically an instrument to screw the holder. Big coupon with all the
downside and only limited up side. Sold to retail clients as an equity
substitute...real crap.

Then I asked him: Sold at market tops? He said: "Yes."

Steve