Sanlam Investments, the boutique asset management arm of Sanlam, has been appointed as investment manager to the Tideway UCITS Funds ICAV with more than GBP200 million of fixed income and alternative assets.Four fixed interest credit specialists are joining Sanlam from Tideway Investment Partners and from 20 April, Sanlam Investments will be managing the Tideway GBP Hybrid Capital Bond Fund, Tideway GBP Credit Fund and the Tideway High Income Real Return Fund, renamed under the Sanlam brand.
The deal substantially strengthens Sanlam Investments’ proposition in the fixed income space, and complements its well-established offering across equities and alternatives. It currently manages more than GBP5.3 billion of client assets.
Tom Carroll, Head of Asset Management at Sanlam Investments, says: “One of our key objectives has been to broaden our investment capabilities with the addition of a high-quality fixed income offering, and this initiative is a fantastic opportunity to do just that. They are a highly experienced and award winning team who have delivered strong performance for their clients over many years. They combine a real understanding of client needs with specialist knowledge within the credit markets and we are thrilled to welcome them on board.”
“The addition of these new fixed income funds means that Sanlam Investments offers a full range of successful products across the three fundamental building blocks for investment portfolios – equities, fixed income and alternatives. We are very keen to continue adding to our suite of teams and products offering differentiated and compelling capabilities for our clients and remain in growth mode in spite of the current uncertainty.”
Headed by Peter Doherty, as Head of Fixed Interest (formerly Tideway CIO), the team includes fund managers Guillaume Desqueyroux and Darren Reece; and Chris Turdean, portfolio and research assistant.
Peter Doherty says: “We are excited to begin this journey with Sanlam Investments, where our differentiated approach to fixed income credit will add an extra dimension to the Sanlam investment proposition, expanding the offering for investors and complementing the existing range of strong products.”
James Baxter, Managing Partner, Tideway Investment Partners, says: “This is a natural progression for the Tideway UCITS funds business and importantly we expect it to benefit all investors in time through economies of scale and extra research resources to support the asset management process. The migration of the Tideway UCITS Funds to a larger institutional home is something Peter and I have been working on for some time together. The funds have been and will remain an important part of the Tideway Wealth Management proposition, whilst allowing Tideway flexibility to deliver great outcomes through relationships with a variety of other third party asset managers.”