Salar Fund Plc.



Asset manager/fund manager

Ferox Capital LLP
Rupert Mathews



ISIN: IE00B520F527(I), IE00B520G822(R)
Launch date: Strategy 2005; UCITS fund Feb. 2008
Registered for sale: Germany, Austria, Italy, Spain, Ireland and UK


  • Long-only global convertible funds

Investment goal

  • To achieve capital growth while at the same time preserving capital (despite "long only" strategy)

  • "LIBOR plus" at low volatility

  • asymmetrical risk profile

Investment universe/characteristics

  • Global Convertible Bonds

Investment style

  • Investment in convertibles close to bond floor

  • Greater focus placed on analyzing the risk and issue ratings

  • Asymmetrical risk profile limits downside at unlimited upside on the equity side

  • Broadly-diversified portfolio for the purpose of further risk reduction

USP/special features

  • Ferox dedicated solely to managing convertible strategies

  • Core team working together for 18 years

  • Specialization enables scrupulous state-of-the-art market analysis that few peers are able to rival

  • Low delta combined with top quality bonds delivers above-average returns in the long term

All the contents have been provided by Ferox Capital LLP, a Limited Liability Partnership (LLP) that has been authorized and is regulated by the Financial Conduct Authority in the UK. All the contents are intended solely as information and do not constitute a reliable basis for appraising the advantages of a security named on this website. The contents should not be understood as an offer to invest capital, nor are they intended as an invitation to buy or sell securities. The information contained therein derives from sources deemed to be trustworthy. However, no guarantee can be given for their correctness or completeness. All the opinions expressed are not necessarily shared by all employees of Ferox Capital LLP and are liable to change at short notice. The aggregate return can fluctuate in response to market conditions and currency changes. Past performance need not necessarily continue in the future and nor does it serve as an indicator of future results. Units in funds managed by Ferox Capital LLP or Ferox Capital Management LP via its active shareholders Ferox Capital LLP are offered and sold solely on the basis of the sales prospectus. All investment decisons pertaining to this information should be made solely on the basis of the contents of aforesaid prospectus and attachments. The marketing of the fund and distribution of these contents is subject to legal restrictions in the UK. All the contents shall only be issued by Ferox Capital LLP to persons inside and outside the UK and/or are geared solely to persons who are professional clients or authorized counterparties within the framework of the Conduct of Business Sourcebook of the FCA. Regarding the communication of invitations and incentives to participate in non-recognized collective investments, all contents are released from the Scheme Promotion Restriction (Paragraph 238 of Financial Services And Markets Act (FSMA)) on account of the fact that they are issued and/or addressed solely to the above-mentioned circle of persons. The funds are only available to such persons provided all the contents have been issued by Ferox Capital LLP. Other persons should not rely on this information or use it as a basis for action. As the funds are only available to such persons, investors in the funds forfeit the right to make any claim via the Financial Services Compensation Scheme. The protection offered by the FSMA and the Financial Services Compensation Scheme does not extend to transactions conducted by the funds outside the UK.