Tyndall currently has over A$25bn in assets managed on behalf of institutional investors, superannuation funds and private clients in a broad range of equity and fixed income products. It is the fifteenth largest fund manager in Australia and fifth largest in New Zealand.
The acquisition of Tyndall will bring Nikko’s assets under management to US$145bn, and, said company CEO Timothy McCarthy, takes the company a further step towards becoming a leading Asian investment management company. It currently has investment management and distribution capabilities in Tokyo, Singapore, London and New York, and an office in Hong Kong.
“Tyndall Investments brings us a first rate investment team and tremendous local knowledge. We know there is a lot of appetite for Tyndall’s products in Japan, as well as significant growth in Australia,” said McCarthy.
“We see the business as a perfect match for yield conscious investors internationally, and our own suite of Asian and emerging market products as complementary to Tyndall Investments’ clients and the Australian market-at-large.”