Advent Capital Management Marks 20 Years

Upbeat on convertibles, UCITS launch, private convertibles

HAMLIN LOVELL

Advent Capital was founded in 1996 by Tracy V. Maitland, who had previously been a director in the convertible securities department of Merrill Lynch (now BAML). Today Advent runs just over $9 billion with some strategies exclusively focused on convertibles, while others allocate across the capital structure. The asset manager has steadily diversified into three synergistic business areas: it manages roughly $7 billion in long-only funds, primarily investing in convertibles (with some straight...

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