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Alternative Market Briefing

Voya buys small-cap boutique Tygh Capital

Wednesday, November 24, 2021

Laxman Pai, Opalesque Asia:

Voya Investment Management, an active asset management firm, is buying small-cap growth boutique Tygh Capital Management.

According to a press release from the asset management business of Voya Financial, the Portland, Oregon-based Tygh Capital Management (TCM) will become part of Voya by the end of Q1 2022.

TCM, which specializes in managing small-cap and small/mid-cap growth portfolios for institutional and retail investors, manages the TCM Small Cap Growth Fund (TCMSX), with $520 million in assets. That fund will be reorganized into the Voya Small Cap Growth fund in the second quarter of 2022.

"We continue to invest across our investment platforms to bring best-in-class solutions to our clients. Small-Cap Growth is an important focus and an area where active managers like Voya can generate meaningful alpha for investors," said Christine Hurtsellers, chief executive officer, Voya IM. "The accomplished team at TCM is a great addition to our active equity platform and aligns well with our key tenets: collaboration, client-centricity, and a focus on generating compelling risk-adjusted results."

Following the closing of the transaction, all of TCM's current employees will join Voya IM, including Richard Johnson (CEO and CIO), Jeff Curtis (president and CFO), and the portfolio management team of Michael Coyne, CFA; Scott Haugan, CFA; and Mitchell Brivic, CFA.

The TCM investment team will remain in Portland and become part of Voya's E......................

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