Tyndall focuses on better year ahead
Tyndall Investment Management has put the nightmare of the past year behind it to focus on a successful 2000, according to executive director Michael Good.
Tyndall Investment Management has put the nightmare of the past year behind it to focus on a successful 2000, according to executive director Michael Good.
As part of its rejuvenation, Tyndall will manage all of its parent Royal & SunAlli-ance’s (RSA) funds in Australia. Under the plan, Royal & SunAlliance Asset Man-agement brand name will be rolled into Tyndall. This will give it access to a broader range of product offerings, Good says, including RSA’s fixed interest port-folio and its enhanced equities management approach.
Good says the move reflects the strength of the Tyndall brand name in asset man-agement and administration, with RSA likely to retain all insurance operations for the merged group. RSA’s interest in insurance companies includes ownership of AAMI and Australian Pensioners Insurance.
“We did market research and Tyndall was seen by respondents as an asset man-ager. We’re really known as being a specialist manager and we’re fairly distinct in what we do,” he says.
RSA asset management staff have been moved over to Tyndall Investment Man-agement. Tyndall now has 40 asset management staff, with 200 staff in admini-stration. It has $5 billion under management and $4 billion under administration in Australia.
Research group Assirt recently upgraded its rating on Tyndall, something which Good feels was long overdue.
“I think what the Assirt rating confirmed is that the fundamental processes of Tyn-dall’s value approach have been maintained. We’ve been investing this way for 10 years and for eight of those 10 years our performance has been excellent. The last two years we have underperformed but we still very much believe we can add a lot of value to investors using this process.”
Tyndall Investment Management will consolidate its retail products in the near fu-ture, which Good describes as a “clean up to make Tyndall more efficient”. And investors can expect to hear a lot more from the group in the property area, he says.
“We’re looking forward to a more successful year this year,” Good says.
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