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Ex-Arve Asset Management fund manager Markus Bossard has joined Progredo as the head of investment management for convertible bonds.
Bossard worked at Arve for five and a half years and was responsible for managing the CHF 8.55m Arve Global Convertible fund. Over a one-year timeframe until the end of May, it made a return of 4%, which compares to a 5.4% average for the Bonds-Convertible Global sector. Over a three-year period, it returned 3.8%, against a sector average of 1.8%.
Progredo offers convertible bond research to GN Invest and its Prudens Global Convertible fund. Progredo confirmed the move to Citywire.
