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Tuesday, June 04, 2019|
Bang! Calamos Seals a Deal
A midwestern mutual fund shop has acquired a small- and mid-cap specialist, as planned, and adopted its sole mutual fund. Perhaps a new fund or two will come down the line, too.
The investment team at Timpani, including co-founder Brandon Nelson, joined Calamos as part of the deal, and they stayed in Timpani's Milwaukee office. Nelson now serves as a senior PM at Calamos, and he describes the move as "a seamless transition" for the Timpani team.
"We have three strategies that we've been managing at Timpani," Nelson tells MFWire. "We'll continue to manage those strategies."
For now, Timpani only offers a mutual fund version of one of those three strategies, the small cap growth strategy, with the other two available only as SMAs. The other two include a smid-cap growth strategy (if Timpani launches another fund, it would be a version of this) and an "enhanced alpha" style rotation strategy.
"We have a lot of runway to manage additional assets," Nelson says.
Meanwhile, the Calamos team continues to look for suitable strategic opportunities like the Timpani deal, marketing chief Jeff Kelley tells MFWire. Their ideal partners, Kelley says, as "innovative, active, outperforming managers."
Calamos first unveiled the Timpani deal back in January.
Printed from: MFWire.com/story.asp?s=59789
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