Under the arrangement, Ignis will sub-advise its Absolute Return Government Bond Strategy and Liability Driven Investment (LDI) strategy for Tyndall AM customers.
“This strategic alliance with Ignis further complements our objective to add local and international product solutions to meet the demand we are seeing from our client base,” Tyndall AM managing director Mike Davis said.
“Initially, Ignis has chosen to focus its offering in the Australian market around its core strengths in fixed income absolute return and LDI, disciplines in which Ignis takes an innovative approach and has a strong track record,” he said.
“Consequently, in addition to our own strong offerings in a range of asset classes, we can now add international investment strategies that we believe will be attractive to local institutions.”
The agreement follows the recent acquisition of Treasury Asia Asset Management (TAAM) by Tydnall AM parent company Nikko Asset Management (Nikko AM), giving Tyndall AM a broader range of both domestic and international offerings.
Tyndall AM said it may also consider other Ignis investment strategies such as emerging market debt as platform offerings in the future.
“The numerous initial meetings we have had with prospective investors in Australia have helped to reaffirm the region as a key strategic objective for us,” Ignis head of global accounts Allan MacLeod said.
“We felt that working with a strong local partner was the most attractive way of accessing it,” Mr MacLeod said.
