Tyndall has expanded its investment team with the announcement of four new appointments.
Robert Woodford takes on the combined role of fixed income investment specialist and institutional account manager. He will manage Tyndall's relationship with key institutional clients on the fixed income side of the business, and will help develop and implement fixed income strategies. Woodward was co-founder and executive director of Columbus Capital Ltd before moving to Tyndall.
Sebastien Mullins is Tyndall's new portfolio manager for the implemented management team. He will be in charge of the company's global equities strategy and its diversified funds range. Mullins previously worked for Challenger in a performance, risk analytics and valuation role.
Janelle McKimm and Jessica Burnstone have been appointed to investment writing roles. The newly created positions are part of the marketing capability but sit within the investment teams. McKimm, who previously worked at Tyndall in a similar role, will become an investment writer for the Australian equities team. Burnstone, who comes from Standard & Poor's Fund Services, will work within the fixed income team.
Tyndall managing director Craig Hobart said the new appointments would establish the company as an independent fund manager in Australia (as was the desire of its parent company, Nikko Asset Management).
"We are well positioned to achieve our expansion goals whilst continuing to maintain our highly rated investment approaches and portfolio management style," Hobart said.
"We have already benefited from additional investment and business insights from our relationship with Nikko AM, and their support is proving invaluable," he added.
Large superannuation accounts may need to find funds outside their accounts or take the extreme step of selling non-liquid assets under the proposed $3 million super tax legislation, according to new analysis from ANU.
Economists have been left scrambling to recalibrate after the Reserve Bank wrong-footed markets on Tuesday, holding the cash rate steady despite widespread expectations of a cut.
A new Roy Morgan report has found retail super funds had the largest increase in customer satisfaction in the last year, but its record-high rating still lags other super categories.
In a sharp rebuke to market expectations, the Reserve Bank held the cash rate steady at 3.85 per cent on Tuesday, defying near-unanimous forecasts of a cut and signalling a more cautious approach to further easing.