Tyndall Asset Management has allocated a $100-million mandate to Wells Capital Management-owned investment firm Berkeley Street Emerging Markets.
The mandate represents 10 per cent of the $1-billion multi-manager Tyndall World Equity Fund.
Tyndall terminated Schroders from the portfolio. Schroders previously managed the emerging markets exposure.
Other managers in the fund include Walter Scott, Principal Global Investors, Epoch and Davis Advisors.