Hartford investment management firm Conning Tuesday announced that it has completed the acquisition of Octagon Credit Investors, a U.S.-based investment manager with expertise in collateralized loan obligations, bank loans and high-yield bonds.
Conning did not disclose the price it has agreed to pay. When the deal was announced in November, Conning said Octagon CEO Andy Gordon will remain in his role, as will the company’s approximately 50 employees.
Conning has approximately $89 billion in assets under management as of Dec. 31. Conning serves the insurance industry and other institutional investors, and provides asset management, risk and capital management and insurance research. Founded in 1912, Conning operates globally through its offices in Hartford, New York, London, Cologne, Hong Kong and Tokyo.
Octagon Credit Investors is a specialized credit investment management firm. Founded in 1994, the fir
