Strategy and Process
The market neutral strategies employed by the Fund, including convertible arbitrage, emphasizes non-correlated returns, focusing on outcomes rather than outperforming a specific index. Risk is actively managed by utilizing hedging strategies to help reduce systematic risk. The market neutral strategy allows for unconventional and uncorrelated investment opportunities.
Attractive Risk to Return Profile
The Miller Market Neutral Income fund emphasizes absolute, consistent returns over relative returns and provides an attractive risk/return profile focused on reducing volatility by hedging and delivering risk-adjusted performance.
Experienced Investment Approach
The Fund’s investment advisor holds over 20 years of experience investing in convertibles and market neutral strategies.
For additional information about the fund, please email us at email@example.com.
Greg Miller, CPA, Chief Executive Officer and Portfolio Manager, has over 30 years’ experience investing in convertible bonds. Mr. Miller founded Wellesley Asset Management in 1991. He is the architect of the firm’s convertible bond investment strategy and has been Portfolio Manager on Wellesley’s separately managed account and mutual fund suites since their inception. Mr. Miller has written numerous articles and has been profiled in various prominent investment and financial publications, including Barron’s, Institutional Investor, Investment Advisor Magazine, and Bloomberg Businessweek. He has been the recipient of numerous industry-related awards throughout his career and a frequent guest speaker on convertible bond investing. Mr. Miller graduated from Boston University with a Bachelor of Science degree in Business Administration, and holds a Master of Business Administration in Finance with high distinction from Babson College.
Michael Miller, President, CIO and Portfolio Manager, has over 10 years’ experience in the industry. He works directly with the firm’s trading, private client and institutional teams and oversees day to day operations, strategic planning and execution. Additionally, Mr. Miller is responsible for convertible bond research and product development, analyzing and monitoring portfolio holdings, and communicating performance, portfolio and fund data. He also constructs and analyzes client portfolios and works directly with the firm’s institutional clients. He frequently speaks at national investment conferences educating investors about the convertible bond asset class. Mr. Miller received his Bachelor of Science degree in Business Administration from American University’s Kogod School of Business in Washington, DC, where he specialized in finance, and his Master of Business Administration degree from Babson College.
Jim Buckham, CFA, Portfolio Manager & Head of Research, comes to Wellesley Asset Management, Inc with over twenty five years of market experience. Most recently, he was a convertible bond salesman at Deutsche Bank covering mutual funds and hedge funds in New York, Boston and Toronto. Prior to that, Jim spent twelve years trading convertible bonds, derivatives, and equities at Fidelity Investments. Jim holds the CFA designation and has passed the Series 7, 55, and 63 exams. Jim graduated from Boston University with a BA in economics. He also holds a Master of Business Administration degree from Bentley University.
David Clott, CFA, Portfolio Manager, has over 30 years investment industry experience. Mr. Clott began his career in 1991 at Phoenix Investments, where he worked in equity research and gained exposure to convertible bonds. In 1999, he joined Aviva Investors, taking on portfolio management responsibilities for Aviva’s US convertible bond strategy. In 2002 he founded Aviva’s global convertible bond fund, one of the earliest of its kind in Europe. He developed the investment philosophy and process for the fund, solidifying his reputation as a leader in long-only convertible investing. While still at Aviva, Mr. Clott launched a convertible arbitrage hedge fund in 2005 and in 2009 launched one of the first convertible market-neutral mutual funds. While at Aviva he held the position of Head of Global Convertibles and Senior Portfolio Manager. Mr. Clott graduated from Bryant University with a Bachelor of Science in Business Administration, finance concentration, and holds a Master of Science, Energy Policy and Climate, from Johns Hopkins University.