Tyndall AM launches Australian small-cap fund
Tyndall Asset Management has announced the launch of a new Australian small-cap investment fund.
It would invest in a diversified portfolio of some 25–70 Australian small-cap companies believed by the asset manager to be undervalued.
The Tyndall AM Australian Small Companies fund would be managed by co-portfolio managers Tim Johnston, deputy head of Australian equities and James Nguyen, portfolio manager and senior analyst.
“We’re excited to be adding Australian Small Caps to our suite of capabilities and are confident that our proven intrinsic value process is well suited to finding opportunities in what remains a more inefficient part of the market,” said Johnston.
“This new fund has been many years in the making, and we’re confident that coupling our strong focus on quality and free cash flow generation will set us apart from the pack.”
Nguyen noted that the managers brought over 40 years of combined market experience to the fund.
He said: “We’re confident in our ability to find great investment opportunities across the market spectrum, including in sectors such as resources where Tyndall’s depth of experience differentiates us from many small-cap investors.”
“Tim and James are outstanding portfolio managers in their own right, and we’re delighted to be bringing a new product to market where there’s a clear gap for us to participate and for their combined talents to shine,” added Brad Potter, Tyndall AM head of Australian equities.
The asset manager’s 12-person investment teams managed some $9 billion in funds under management, working with retail and institutional investors, private clients, superannuation clients, and charitable trusts.
Established in 1989, Tyndall AM became part of Yarra Capital Management Group in April 2021 following the acquisition of Nikko AM’s Australian business.
Recommended for you
Some 42 per cent of CEOs say they are actively reinventing their business to stay relevant in the next decade, with consumer services the most common choice for asset and wealth managers.
Former Ophir Asset Management chief executive, George Chirakis, has joined private equity manager Scarcity Partners, while the asset manager has appointed a replacement from Macquarie.
Australian Unity has appointed a fund manager for its Healthcare Property Trust, joining from Centuria Healthcare, as it restructures the product with a series of senior appointments.
Financial advisers nervous about the liquidity of private markets funds for their retail clients are the target of fund managers launching semi-liquid products which offer greater flexibility and redemptions.