Officials of Analytic Investment Management, Irvine, Calif., reached an agreement to merge with TSA Capital Management, Los Angeles.
The merged firm will be called Analytic/TSA Global Asset Management.
Terms were not disclosed. The location has not been decided.
Alan Adelman, president and chief executive officer of Analytic, will retain the titles in the merged company. Roger Clarke, president and chief investment officer of TSA, will share the CIO title in the new firm with Alan Lewis, Analytic's CIO.
Analytic, an options-enhanced equity and fixed-income manager, has $1.2 billion in assets; TSA is a quantitative manager with $1.3 billion under management, offering equity, fixed-income and currency management and global TAA.