DE Shaw Q&A

Investor Dialogue: Francesco Barrai

Francesco Barrai, senior vice-president and convertible bond investor at hedge fund manager DE Shaw, talks about the firm’s approach to CB investing and his views on the Asian market.
Francesco Barrai, DE Shaw

Francesco Barrai has been investing in convertible bonds CBs for 10 years, initially out of New York, then in London and India, before moving to Hong Kong four years ago. He makes equity-linked investments for DE Shaw across Asia, Japan and Australia.

The firm manages roughly $21 billion through a multi-strategy platform that comprises both fundamental and quantitative strategies, of which CBs is one.

What type of CB investor is DE Shaw
We don’t see ourselves as classic convertible arbitrage investors. We have a mandate that is market neutral so our portfolio needs to be largely hedged to market risk, but we...

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