Opalesque Industry Update - TAGES Capital, a fast-growing provider of alternative multi-manager investment solutions with over $3bn of assets under management and Frankfurt-based Gauly Dittrich van de Weyer Asset Management today announce the signing of a strategic partnership. |
Under the terms of the agreement, Gauly Dittrich van de Weyer Asset Management will distribute TAGES’ investment solutions and products in Germany and Austria. In addition, Gauly Dittrich van de Weyer Asset Management and TAGES Capital will cooperate on an exclusive basis to launch a multi-asset product outside of Germany and Austria.
Founded in 2011, TAGES Capital specialises in providing customised alternative fund of fund investment solutions for institutional clients who currently account for the majority of assets under management. TAGES Capital has grown its assets at an impressive rate in its first two years of operation and has already established strategic distribution agreements in Italy and most recently in France, through a recent strategic partnership with La Française announced last month.
Gauly Dittrich van de Weyer Asset Management was founded in 2012 in Frankfurt, by two former Lazard veterans with deep international experience in portfolio management who were responsible for managing approximately €10bn, including multi-asset and balanced funds.
Gauly Dittrich van de Weyer Asset Management specialises in asset allocation and investment solutions aimed at both institutional and private investors and offers multi-asset strategies and products.
Markus van de Weyer, Managing Director of Gauly Dittrich van de Weyer Asset Management GmbH and Partner of Gauly Dittrich van de Weyer AG, said: “We are delighted to announce this partnership with TAGES Capital, whose success and rapid growth story, like ours, is based on its strong capabilities to provide clients with bespoke solutions and highly customised strategies – particularly for institutional clients. We are excited about the prospect of working together and are naturally pleased to have reached another milestone in expanding our own product lines through the partnership.”
Salvatore Cordaro, founder and Chief Investment Officer of TAGES Capital, said: “We are enthusiastic about this alliance with Gauly Dittrich van de Weyer Asset Management. Their skills and strong track record in asset allocation and multi-asset strategies complement TAGES’ existing offering for our institutional client base. Furthermore, we are confident their prominence in the German market would help us expand our geographic presence in Europe and marks the next step on our exciting journey.”