trending Market Intelligence /marketintelligence/en/news-insights/trending/sD-aAgtQCai-hN3RvfnBkQ2 content esgSubNav
In This List

Resolute Investment to acquire majority stake in SSI Investment

Blog

Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Blog

Banks’ Response to Rising Rates & Liquidity Concerns


Resolute Investment to acquire majority stake in SSI Investment

Resolute Investment Managers Inc. has agreed to acquire a majority interest in SSI Investment Management Inc., the investment sub-adviser for First Trust SSI Strategic Convertible Securities ETF.

SSI Investment is responsible for portfolio management of the actively managed exchange-traded fund that seeks to provide total return by investing at least 80% of its net assets in a portfolio of U.S. and non-U.S. convertible securities.

The ETF believes that the transaction, when completed, may be considered an "assignment" of the investment sub-advisory agreement among the ETF, SSI Investment and First Trust Advisors LP, the ETF's investment adviser, which would result in its automatic termination.

First Trust Advisors and the ETF's board of trustees will evaluate the impact of the transaction on the ETF.