Gartmore is putting its purchase of Coda Capital to work. The Conshohocken, Pennsylvania-based asset management arm of Nationwide filed paperwork with the SEC
recently to open a convertible fund subadvised by Coda Capital.
The new Gartmore Convertible Fund
will be a part of the Gartmore Mutual Funds series, according to the filing. It will be sold with class A, B and C shares and will also carry an Institutional Service share class. The fund's portfolio management team will consist of Coda Capital President Jeremiah O'Grady as well as Charles Wright, Sean George and Christopher O'Grady.
Gartmore purchased Radnor, Pennsylvania-based Coda Capital Management in September of 2002 as part of an effort to attract investment management teams to broaden its product capabilities.
"We will continue to focus our attention on attracting top-quality investment teams and talent that seek the unique opportunity Gartmore Emerging Managers offers," said Robert Wagner
, president of Gartmore Emerging Managers, at the time of the deal.
Wagner added that Gartmore planned to target all channels of the institutional, retail and alternative investment market with Coda Capital's product strategies.
"These product strategies offer an alternative to equity or fixed-income investments that should help us capitalize on current market volatility and clients' desire to further diversify and preserve asset values," Wagner continued.
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