February 02, 2016
Conning Completes Octagon Acquisition.
Hartford, CT & New York, NY – Conning, a premier global investment management firm, today announced that it has completed the previously-announced acquisition of Octagon Credit Investors, LLC (“Octagon”), a U.S.-based investment manager with expertise in collateralized loan obligations (CLOs), bank loans and high yield bonds.
Conning (www.conning.com) is a leading global investment management firm with approximately $103 billion in assets under management as of March 31, 2016.* With a long history of serving the insurance industry, Conning supports institutional investors, including pension plans, with investment solutions and asset management offerings, award winning risk modeling software, and industry research. Founded in 1912, Conning has offices in Hartford, New York, Boston, London, Cologne, Hong Kong and Tokyo.
*Asset total includes Conning, Inc., Conning Asset Management Limited, Conning Asia Pacific Limited, Goodwin Capital Advisers, Inc., Conning Investment Products, Inc. and Octagon Credit Investors, LLC which are all direct or indirect subsidiaries of Conning Holdings Limited (collectively “Conning”) which is one of the family of companies owned by Cathay Financial Holding Co., Ltd. a Taiwan-based company.
About Octagon Credit Investors
Octagon Credit Investors is a leading specialized credit investment management firm. Founded in 1994, the firm has over 20 years of experience managing collateralized loan obligations (CLOs), bank loans and high yield bonds on behalf of institutional and high net worth investors. As of April 30, 2016, Octagon manages $13.3 billion in assets. Octagon’s long-tenured team uses rigorous fundamental credit analysis and a disciplined portfolio management process to identify attractive opportunities across asset classes, sectors and issuers. Octagon is headquartered in New York, New York and employs 48 professionals.
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