First Union Corp. acquired Analytic-TSA International Inc., a London-based international fixed-income asset management firm with about $100 million in total assets under management. Terms were not disclosed.
Analytic-TSA specializes in relative value investments and is currently a subsidiary of Analytic-TSA Global Asset Management. It will become First International Advisors Ltd. and remain in London. First Union will offer Analytic-TSA's international investing ability to both its institutional and high-net-worth clients.