SSI Investment Management, a convertible arbitrage and market neutral boutique, acquired convertible securities specialist Froley, Revy Investment, confirmed Amy Jo Gottfurcht, SSIs chairman and CEO.
Terms werent disclosed. The deal closed today.
Ms. Gottfurcht said a shared interest in offering a broader product lineup helped bring together the two firms, which will consolidate in SSIs Beverly Hills, Calif., offices.
The combined firm will have 40 employees and just under $1.2 billion in client assets.
Andrea OConnell, president and CEO of Froley Revy, has become the fourth member of the SSI board and was named senior vice president and senior portfolio manager at SSI, she said in a telephone interview. Ravi Malik, Froley Revy principal and managing director, also was named senior vice president and senior portfolio manager at SSI, Ms. OConnell said.