Saturday, 28 March 2015
Last updated 1 day ago
Mar 1 2011 | 9:00am ET
Tokyo-based Nikko Asset Management has completed its purchase of fund manager Tyndall Investments from Suncorp.
Charles Beazley, Nikko AM’s head of international and institutional businesses, says the acquisition will help drive Nikko’s growth in the Asia Pacific region.
“Australia is a strategically important country regionally and an increasingly important source of investment capital and fund management capabilities. Combining our networks and knowledge with Tyndall’s expertise and strong track record creates a business proposition that is perfectly placed to meet the needs of investors in the region and beyond,” Beazley said.
Established in 1959, Nikko Asset Management is a leading Asian investment management company with US$145 billion in AUM. The firm owns 40% of Rongtong Fund Management, a Chinese investment company, and has announced plans to acquire DBS Asset Management, an arm of DBS Bank. The DBSAM acquisition will add US$7 billion to Nikko AM’s assets under management. Since 2009 Nikko AM has been owned by Sumitomo Trust & Banking and by its employees.
Tyndall Investments is a leading investment manager with over $25 billion of funds under management as of January 2011 across both the Tyndall Investments Australia and New Zealand entities. The company offers retail and institutional clients a broad range of investment options across domestic and global fixed income, domestic equities (intrinsic value and core styles) and global equities.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…