The strategy primarily invests in convertible bonds, credit and equities when managing the Fund’s sub-strategies: Idiosyncratic Volatility, Event Driven, Relative Value Credit and Alpha Short, and allocates dynamically to these based on the current and expected opportunity set. Within these sub-strategies, the fund seeks to identify compelling long and short opportunities that may include single name convertible bonds and equities, capital structure arbitrage, and other positively asymmetric event driven opportunities. The Fund cautiously employs leverage and may use tail hedges to reduce volatility.
Advent’s investment process employees a rigorous, fundamental, bottom-up, credit and capital structure focused research process built over 25+ years. The portfolio management team seamlessly work together to identify and analyse compelling long and short investment opportunities to offer a strategy that seeks to generate an attractive absolute rate of return over a full market cycle. Active dialogue and interaction with a dedicated risk management team is a hallmark of the investment process to ensure the robustness of the offering. As an absolute return strategy, there may be occasional drawdowns during severe market dislocations, yet these dislocations often serve as catalysts for prolonged periods of strong outperformance and the investment process is designed to take advantage of such events and deliver asymmetric upside relative to any drawdown.
Odell joined Advent in 2001 as a Principal and serves as... See all
Odell joined Advent in 2001 as a Principal and serves as a portfolio manager on the strategy. Prior to joining Advent, Odell was Head of Convertibles and Equity Derivatives at Société Générale. Before joining Société Générale, Odell managed the sales and trading departments at HSBC Securities and Bankers Trust. Odell began his career at Merrill Lynch and served as Vice President of Convertible Trading, Structured Equity Derivative Products and Asset Swaps. Mr. Lambroza is a graduate of Cornell University and has over 30 years of industry experience.
Chief Investment Officer
Serves as President and Chief Investment Officer of Adve... See all
Serves as President and Chief Investment Officer of Advent overseeing all investment activities of the firm. Mr. Maitland has been instrumental in developing the firm’s investment strategies and disciplines while directing Advent to be a leading specialty manager of convertible bond and credit securities. Prior to founding Advent in 1995, Mr. Maitland was a Director and National Sales Manager in the Convertible Securities Department in the Capital Markets Division at Merrill Lynch. Mr. Maitland is a graduate of Columbia University and has over 30 years of experience in investing across the entire capital structure.
Global Convertible Leader: Founded in 1995 and recognised as a global leader in convertible bond strategies. Actively manages ≈$11bln across alternative, long only and closed-end fund strategies.
Experienced and Deep Team: 57 employees in New York and London, including 20 seasoned investment professionals.
Credit Driven Research Process: Renowned fundamental, bottom up, credit and capital structure focused research process honed over 25+ years and multiple market cycles.
Diminished Competition and a far smaller peer group than in the pre-2009 era has led to greater market inefficiencies and a broader opportunity set for experienced specialists. Increased capital from stable, long only, long-term investors has contributed to a stronger capital base for the asset class.
Waystone Investment Management (IE) Limited, 23 St. Stephen's Green, Dublin 2, D02 AR55, Ireland is licensed to provide Investment Management services to Professional Clients (including Collective Investment Schemes) by the Central Bank of Ireland.
MontLake UCITS Platform ICAV is an umbrella open-ended Irish collective asset-management vehicle with segregated liability between Funds formed in Ireland under the Irish Collective Asset-management Vehicles Act 2015 and authorised by the Central Bank as a UCITS pursuant to the UCITS Regulations.
The Manager of MontLake UCITS Platform ICAV is Waystone Fund Management (IE) Limited, a company regulated by the Central Bank of Ireland.
This website is directed mainly for professional and institutional clients who possess the necessary experience, knowledge and expertise to make their own investment decisions and properly assess the risk that it incurs.
Information on this website was obtained from various sources and the company does not guarantee its accuracy. The information is for your private use and discussion purposes only and expressed views and opinions may change.
The Performance figures quoted refer to the past and past performance is not a guarantee of future performance or a reliable guide to future performance. The value of your investment and their income may go down as well as up.
Your investment may also be subject to currency, interest rate, as well as market fluctuations. Consequently the Investor may not get back a sum equal to that he / she originally invested.
Investors should note that an investment in those Sub-Funds which may invest in emerging markets should not constitute a substantial proportion of an investment portfolio and may not be appropriate for all investors.
The Sub-Funds may invest in Over the Counter as well as Exchange Traded derivative instruments to enhance return or hedge against fluctuations in security prices or market rates as well as to short sell a security through the use of a derivative instrument. Transactions in derivative instruments involve a risk of loss or depreciation of capital due to adverse changes in security prices, exchange rates or interest rates or in the case of OTC instruments default of Counterparty. This investment may not be suitable for all types of investors. It is therefore recommended that you consult your investment advisor.
A commission or sales fee may be charged at the time of the initial purchase for an investment and may be deducted from the invested amount therefore lowering the size of your investment. The Investment Manager will be entitled to receive a performance fee as well as a management fee, calculated on a daily basis and paid quarterly by the sub-funds.
The Levels and bases of taxation are dependent on individual circumstances and subject to change and therefore it is highly recommended that you consult a professional tax advisor.