Tyndall AM has officially joined forces with Causeway Asset Management giving it the ability to now offer alternative asset classes to investors.
The move comes three weeks after InvestorDaily's sister publication Investor Weekly reported the two parties were in talks to combine their capabilities.
The speculation the two fund managers would come together arose shortly after Mike Davis was appointed Tyndall AM managing director in April this year. Davis was a co-founder of Causeway in 2003 along with Tim Martin.
Currently the alternative manager's activities include investing in real assets such as Australian water entitlements and in private debt via senior secured commercial loans to small and mid-market borrowers.
"A focus on income through equities and bonds is a key component of Tyndall AM's investment offering. Causeway's alternative 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," Tyndall AM managing director Mike Davis said about the development.
"An alternative asset offering will also broaden our product exposures into the Asian region through Nikko AM," he added.
"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."
The new arrangement will see the Causeway business become part of the Tyndall AM operation but will continue to be run under its own brand name.
Furthermore all of the existing Causeway staff will continue to work for the organisation with Tim Martin taking on the role of head of alternative assets.
The integration process is expected to be completed in early June.
