PRIVATE PARTNERSHIPWellesley offers a leveraged convertible bond strategy available through a private placement for accredited investors and qualified clients only.

Long-only convertible strategies serve as bond replacements or portfolio diversifiers, offering asymmetric returns with greater upside than fixed income. They provide issuer diversification and access to non-traditional bond credits while maintaining bond-like seniority.

Convertible arbitrage strategies act as true fixed income alternatives, uncorrelated to traditional asset classes. They target steady, low-volatility returns to improve portfolio resilience and generate positive returns regardless of market conditions.

Michael DeAddio is the Chief Operating Officer of Dark Forest Capital Management, a CT based quantitative hedge fund. Prior to Dark Forest, Michael was President and COO of WorldQuant, responsible for global day-to-day operations, execution of strategic business initiatives and capital development initiatives. Michael has had a long and industrious career in financial services, serving in a variety of C-Suite positions including Chief Technology Officer (CTO) at Silver Point Capital and Managing

Wellesley Asset Management adds experienced professionals from diverse financial backgrounds to support its growth. The company regularly consults with its board to analyze market trends and implement new systems and processes, aiming to enhance client service and investment expertise.

Greg founded Wellesley Asset Management in 1991 and has over 35 years of investment experience. As Founder and Portfolio Manager, he leads the firm’s absolute return strategy, prioritizing principal protection alongside growth.

Wellesley Asset Management was founded on the belief that investors should expect more from fixed income. The firm seeks to preserve capital while capturing upside potential without additional risk, offering alternative fixed income strategies.

Part 2A of Form ADV: Firm Brochure for Direct Clients