Tyndall looking to add more retail funds
Tyndall is looking to expand the number of retail funds that advisers can access through wrap platforms according to its new managing director Peter Lynn.
Friday, February 5th 2010, 5:10AM
by Jenha White
He says Tyndall has a small but growing number of retail funds that advisers can access through wrap platforms and he wants to continue to grow the retail funds it offers by making them more widely available to the mezzanine community and by increasing its distribution scope.
"In particular we will look to introduce new funds that play to Tyndall's investment management strengths and intellectual capital," he says.
"As with our wholesale clients, it is important that pricing for our retail funds is competitive and transparent. To this end we have recently introduced an annual expenses cap for our retail funds."
Lynn says he is also looking at improving brand awareness and recognition of Tyndall's skill and experience in the wider investment community.
"We are the fifth largest fund manager with $3.6 billion of funds under management and our bond and equity investment teams have been together for 10 years making great returns.
"Tyndall needs to leverage off that skill and experience to increase market share."
He says Tyndall is the manager for six KiwiSaver providers and that is a growing market, so he would also like to get a greater share of that market and manage more money for KiwiSaver providers.
Lynn believes his transition into managing director has been seamless so far as he has been at Tyndall for 10 years and he already had a taste of what was involved in 2007 when he was interim managing director for five-months.
"It's now a matter of me getting a strong strategy in place to retain talent and to ensure we deliver an even better service to clients while also increasing market share."
Jenha is a TPL staff reporter. jenha@tarawera.co.nz
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