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Money Management

Carillon completes acquisition of ClariVest

Carillon Tower Advisers, a multiboutique money manager, completed its acquisition of ClariVest Asset Management, a spokesman confirmed.

In April, ClariVest will become a wholly owned subsidiary of Carillon affiliate Eagle Asset Management, which originally purchased a 45% stake in ClariVest in 2012.

Terms of Carillon's purchase of the remaining 55% of the firm from its management are not being disclosed.

In addition, Stacey R. Nutt, ClariVest's CEO, CIO, principal and lead portfolio manager, will become a senior adviser to the firm, and Tiffany A. Ayres, principal, executive vice president, general counsel and chief compliance officer, is being promoted to the role of president. She and principals David R. Vaughn, CIO-non-U.S. and global strategies, and Todd N. Wolter, CIO-U.S. and alternatives strategies, will be responsible for day-to-day management at the firm.

Carillon's money manager affiliates have $64.6 billion in assets under management; ClariVest has $7.3 billion in AUM.