Gartmore Emerging Managers acquired convertible bond manager Coda Capital Management, said JoAnn Gigliotti, Gartmore spokeswoman. Terms were not disclosed. Coda Capital, with $40 million in assets under management, runs a convertible bond strategy and two convertible bond/arbitrage strategies that will be used to target institutional, retail and alternative investment markets, Robert Wagner, president of Gartmore Emerging Managers, said in a statement. Coda will retain its name.
Gartmore Emerging Managers is a unit of Gartmore Global Investments.