US investment firm partners with Breakwater Advisory
US-based investment firm Voya Investment Management (IM) has partnered with third-party marketing and advisory firm Breakwater Advisory to offer asset management services to Australian institutional investors.
Through the partnership, the US firm will provide services across many asset classes including multiple fixed income segments of the market, and equity and multi-asset strategies and solutions.
“Voya IM long ago identified Australia as an attractive and fast-growing market and we are excited to be able to offer our services to Australian institutional investors,” Voya IM’s managing director, head of institutional distribution Bas NieuweWeme said.
“We believe that our unique expertise in several asset classes, including senior loans, mortgage derivatives, commercial real estate and private and public debt investments can help Australian investors meet their goals.”
Voya IM manages around $207 billion for institutions and individual investors.
Breakwater Advisory, which is headed by Andreas Faeste, was formed this year and is the formalisation of distribution-based consulting practice Faeste Consulting.
It offers advisory and fund placement services to asset management firms looking for representation in the Australian and New Zealand capital market.
Recommended for you
Alphinity Investment Management and CSIRO have brought its responsible AI framework to the market, helping investors navigate AI alongside ESG principles.
The ASX board has appointed Wayne Byres as a non-executive director, who previously served as APRA chair for more than eight years.
Ahead of an upcoming fund launch focusing on mid-caps, OC Funds Management has welcomed a new portfolio manager to its investment team.
Almost 70 per cent of asset managers are planning to control costs via product rationalisation, according to a global survey by Northern Trust, as they seek to offer clients a best-in-class experience.
