Tyndall's Mike Davis links to Causeway
Tyndall Asset Management has added an alternate asset class product to its offering via fund manager Causeway Asset Management.
In doing so, Tyndall is reflecting the appointment of Mike Davis as managing director of Tyndall in April, with Causeway having been co-founded by Davis and Tim Martin in 2003.
The fund 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 will join Tyndall from Causeway, with 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.
Davis said bringing Tyndall AM and Causeway together was an obvious step in building the strength and resources of both businesses.
"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," Davis said.
Causeway's move to Tyndall is expected to be completed in early June.
Recommended for you
The financial advice industry has enjoyed another week of strong new entrant numbers, totalling nearly 40 for the past fortnight, thanks to the latest exam passes.
Momentum Media’s wealth publishing network – comprising InvestorDaily, ifa, SMSF Adviser, Money Management, and Super Review – is proud to launch the annual Australian Wealth Management Awards.
Investment information firm Equity Story has signed a binding heads of agreement to acquire South Australian financial advisory and stockbroker Baker Young for $4.2 million.
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
