Wall Street Insider Reveals the Secret to Building Wealth with Convertible Bonds

The king of convertible bonds, Tracey Maitland is the founder and President of the New York-based asset management firm Advent Capital. Forbes estimates he has a net worth of $500 million. Raised in the Bronx, Maitland is the son of a surgeon who once operated on Dr. Martin Luther King Jr. after he was stabbed at a 1958 book signing. in 1987, years after Maitland started working at Merrill Lynch, he became head of convertible bonds at the company. Eight years later, he started Advent Capital, which has $8.5 billion in assets under management.

Read the full story on Forbes

Subscribe to FORBES

Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:

Stay Connected

Forbes newsletters

Forbes on Facebook

Forbes Video on Twitter

Forbes Video on Instagram

More From Forbes

Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.