Sat, Aug 23, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

TAGES Capital Expands into Germany and Austria through Strategic Partnership with Gauly Dittrich van de Weyer

Thursday, March 13, 2014
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.”

PD

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Institutions – Texas Employees sets 2015 tactical plan for alternatives, CalPERS' real estate consultant cautions the pension fund's investment committee, Why Sunsuper likes hedge funds[more]

    Texas Employees sets 2015 tactical plan for alternatives From PIOnline.com: Texas Employees Retirement System will invest in up to four new hedge funds in the next fiscal year, which begins Sept. 1. Trustees approved 2015 tactical investment plans for the hedge fund, private equity and in

  2. Private equity follows hedge funds into reinsurance for long-term capital[more]

    From Artemis.bm: It’s not just hedge funds that are entering the insurance and reinsurance market in search of so-called long-term capital to put to work in their strategies, private equity firms targeting the space are also seeking opportunities to add assets under management. The entry of large pr

  3. North America – New York City’s next hot neighborhoods targeted with property funds[more]

    From Bloomberg.com: New York’s real estate world is filled with tales of ordinary people who bought property decades ago and saw values skyrocket to the millions. Seth Weissman is seeking investors to get in early on the next hot neighborhoods. The veteran of Goldman Sachs Group Inc. and hedge

  4. Investing – George Soros bets $2bn on stock market collapse, Warren Buffett's Berkshire reveals Charter stake, cuts DirecTV, Hedge funds lusting to cash out of MGM, Top hedge fund managers are buying Ally Financial, Hedge funds dumped 5m Herbalife shares in Q2, Paulson & Co hedge fund ups Puerto Rico real estate bet, Netflix Inc., Citigroup Inc, Google Inc are top new picks in Tiger Management’s 13F[more]

    George Soros bets $2bn on stock market collapse From Newsmax.com: Billionaire investor George Soros has increased his financial bet that U.S. stocks will collapse to more than $2 billion. The legendary hedge fund manager has been raising his negative bet on the Standard & Poor's 500 Inde

  5. Investors now net short S&P500 and increased Russell shorts, technicals suggest further selling[more]

    Komfie Manalo, Opalesque Asia: Market Neutral funds increased their market exposure to -1% net short from -6% net short last week, according to Bank of America Merrill Lynch’s Hedge Fund Monitor. The report also added