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Money Management

Calamos Investments acquires Timpani Capital Management

Calamos Investments agreed to acquire Timpani Capital Management, a Milwaukee-based boutique manager that specializes in small- and smidcap growth investing, confirmed Calamos spokesman Jeff Kelley in an email.

Terms of the deal were not disclosed. The four-person Timpani team, which manages roughly $588 million in assets, will continue to operate from their Milwaukee office. Its client roster includes high-net-worth, family office and institutional investors.

The deal is expected to close in the second quarter, pending customary conditions and regulatory requirements.

Calamos has more than $22 billion in assets under management.