Episode 2 - Charlie Carnegie, Context Capital Management

Charlie Carnegie, Portfolio Manager of Context Capital Management explains exactly what is a convertible bond (2:30), why companies will issue convertible bonds (5:30), the changing convertible bond buyer base (8:30), what they look for in an arbitrage trade (12:30), why they look for crummy companies that can still pay their debts (16:30), the opportunity brought about by Covid-19 (19:00), and why good companies or bad companies provide opportunity (28:30). The interview was conducted following the March 2020 market volatility brought on by the coronavirus outbreak.

This podcast was recorded in April 2020. The respective opinions expressed are those of Mr. Carnegie and the Biltmore Family Office investment team. The opinions referenced are as of the date of this podcast and are subject to change without notice. This material is for informational use only and should not be considered investment advice. The information discussed herein is not a recommendation to buy or sell a particular security or to invest in any particular sector. Forward-looking statements are not guaranteed. BFO reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs and there is no guarantee that their assessment of investments will be accurate. The discussions, outlook and viewpoints featured are not intended to be investment advice and do not take into account specific client investment objectives. Before investing, an investor should consider his or her investment goals and risk comfort levels and consult with his or her investment adviser and tax professional.

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