1.   Hedge funds that practice convertible arbitrage are believed to be doing well in this environment, too.

2.   One fund that fits the profile of a low-risk hedge fund is Calamos Market Neutral, which uses a style called convertible arbitrage.

3.   Sung joined DLJ Securities as a convertible arbitrage analyst and trader.

4.   This was also a good year for funds investing in Europe and for convertible arbitrage.