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Tyndall awards $80m to Karara
Karara Capital Limited has been awarded an $80 million Australian small companies mandate by the Tyndall AM multi-manager team.
The Karara Australian small companies strategy was implemented in the Tyndall AM portfolio as part of a repositioning of an existing Australian equity fund managed by Tyndall.
Ken Ostergaard, head of Tyndall's multi-manager business, said the launch of its $700 million Australian equities strategy had grown the multi-manager business to almost $2 billion.
"We have high conviction in our manager selection and Karara has been appointed as our sole Australian small companies manager, complementing our other three managers extremely well," he said.
Investors can access the strategy via the Ironbark Karara Australian Small Companies Fund, one of two Ironbark funds Karara acts as investment manager for.
Ironbark chief executive Chris Larsen said Karara's style of investment management and its approach had been key to the appointment.
"With an experienced and well resourced investment team specialising in Australian equities, Karara have a consistent record of adding value to investors' portfolios in various market conditions for over 25 years."
He said since the launch of the Australian small companies strategy it had won a number of significant mandates.
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