Tyndall links with Ignis
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.
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