Tracy Maitland

Conviction, Convertibles, and Capital

A conversation with Tracy Maitland, President and CIO of Advent Capital Management, on building conviction and mastering risk across market cycles. Tracy will share his journey from Merrill Lynch to founding Advent and growing it into an $8+ billion AUM firm specializing in convertible securities. He will share the mindset, strategies, and discipline required to build an enduring firm and create lasting impact in finance and beyond.

Mr. Maitland is President and Chief Investment Officer of Advent Capital Management, LLC. Advent manages approximately $9 billion in assets across several traditional and alternative strategies on behalf of both institutional investors and private clients. Advent is headquartered in New York, with an office in London.

Before founding Advent, Mr. Maitland was a Director in the Convertible Securities Department in the Capital Markets Division at Merrill Lynch. As the major distribution link between investors and issuers, Mr. Maitland leveraged Merrill Lynch’s preeminent position in convertibles, creating a unique advantage in investing and trading in the convertible market. Mr. Maitland advised institutions on investing in specific convertible issues in their respective convertible, fixed income, and equity portfolios. The extensive investment knowledge that Mr. Maitland developed during his 13-year tenure at Merrill Lynch inspired him to found Advent Capital Management, LLC to satisfy the growing demand for investment expertise in convertible securities and other parts of the capital structure that are influenced by convertible valuations such as high yield. Advent Capital Management is one of the largest platforms in the world emphasizing convertibles as an asset class.

In April 2022, Mr. Maitland co-authored a book titled “Convertible Securities: A Complete Guide to Investment and Corporate Financing Strategies” published by McGraw Hill. This is the most comprehensive book ever published on this particular asset class.

Mr. Maitland serves as Chairman of the Board for an Advent publicly traded closed-end fund, AVK, listed on the NYSE and is a board member for the Partnership for New York City and Board of Trustees of Columbia Grammar and Preparatory School. Previously, he served on the board of the ASPCA, Columbia College Board of Visitors, the Apollo Theater, the

Managed Funds Association (MFA), the Wildlife Conservation Society (WCS) Council and the Studio Museum of Harlem.

He is a graduate of Columbia College.