Following hard on the heels of its announcement that Tyndall parent Nikko AM had acquired Treasury Asia Asset Management from Treasury group, Tyndall today announced it had entered into a strategic alliance in Australia with UK-based Ignis Asset Management.
The two companies said that under the deal, Ignis sub-advises new absolute return debt product and liability management strategies exclusively with Tyndall AM into the institutional market in Australia.
Ignis is a wholly-owned subsidiary of Phoenix Group and has approximately A$110.8 billion of total assets under management.
The announcement said that, initially, Tyndall AM would offer Ignis' Absolute Return Government Bond strategy and Liability Driven Investment (LDI) solutions to institutional investors.
It said Tyndall AM might also consider other Ignis investment strategies, such as emerging market debt, as part of its multi-manager and World Series Fund platform offerings in future.
The asset manager is bolstering its investments in the global energy transition and climate opportunities.
The ethical investment manager has reported record FUM as its growth trajectory continues apace.
The chief investment officers of UniSuper, HESTA, and TelstraSuper have elaborated on opportunities and risks that are top of mind when it comes to illiquid assets like private credit within their portfolios.
In an address to the National Press Club last week, the incoming chair of Australia’s sovereign wealth fund said institutional investors could play a role in the winding road towards net zero.
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