Tyndall Investment Management (Tyndall AM) has entered into a strategic alliance with UK-based Ignis Asset Management (Ignis AM) in Australia.
Under the terms of the agreement, Ignis will sub-advise new absolute return debt product and liability management strategies exclusively with Tyndall AM into the institutional market in Australia.
Tyndall AM said that it will now offer a range of both domestic and international offerings to Australian investors, with the addition of Ignis’ investment strategies to its current capabilities, including Australian equities, Australian and international fixed income and credit, alternative assets and multi-manager funds, as well as the recent Nikko AM acquisition of TAAM.
Tyndall AM will offer Ignis’ Absolute Return Government Bond strategy and Liability Driven Investment (LDI) solutions to institutional investors.
Additionally, Tyndall AM will also consider other Ignis investment strategies, such as emerging market debt, as part of its multi-manager and World Series Fundä platform offerings in future.
Mike Davis, managing director of Tyndall AM, said: "This strategic alliance with Ignis further complements our objective to add local and international product solutions to meet the demand we are seeing from our client base.
"Initially, Ignis has chosen to focus its offering in the Australian market around its core strengths in fixed income absolute return and LDI, disciplines in which Ignis takes an innovative approach and has a strong track record.
"Consequently, in addition to our own strong offerings in a range of asset classes, we can now add international investment strategies that we believe will be attractive to local institutions," Davis added.