Causeway to join Tyndall AM
Fund manager Causeway Asset Management, which focuses on alternative asset management, is joining Tyndall AM, adding alternate asset classes to the existing Tyndall Australian and international equities, fixed income and multi manager investments.
The move follows the appointment of Mike Davis as managing director of Tyndall AM in April. Causeway was co-founded by Mr Davis and Tim Martin in 2003 and currently operates in two main areas – investing in private debt through senior secured commercial loans to small- and mid-market borrowers and in real assets such as Australian water entitlements.
A team of five investment professionals will join Tyndall AM from Causeway, with Mr Martin becoming head of alternate assets. The team will manage both commingled and separate account mandates as Causeway-badged investment strategies within the Tyndall AM business.
Mr Davis said that bringing Tyndall AM and Causeway together was an obvious step in building the strength and resources of both businesses.
“A focus on income through equities and bonds is a key component of Tyndall AM’s investment offering. Causeway’s alternate asset approach provides a focus on income from asset classes which have low correlation to public markets, thus adding another dimension to Tyndall’s capabilities.
“An alternate asset offering will also broaden our product exposures into the Asian region through Nikko AM.
“Both Tyndall AM and Causeway have investment capabilities that suit the current needs of investors, particularly institutional and retail clients and those of the growing retiree markets across Australasia and Japan,” Mr Davis said.
Causeway’s move to Tyndall AM is expected to be completed in early June.
Tyndall offers Australian equities, international equities and Australian and global fixed interest funds to retail and institutional investors in Australia. It has over A$22 billion in funds under management (as at 30 September 2011). It is a wholly owned subsidiary of Nikko Asset Management Co., Ltd., the largest regional asset manager headquartered in Asia with approximately A$165 billion in funds under management (as at 30 September 2011).
For more information please contact:
Mike Davis – Phone: 02 8072 6301
24 May 2012