Alternative multi-manager Tages Capital has signed a strategic partnership with Frankfurt-based Gauly | Dittrich | van de Weyer Asset Management.
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 established distribution agreements in Italy and most recently in France, through a recent strategic partnership with La Française.
Gauly | Dittrich | van de Weyer Asset Management was founded in 2012 in Frankfurt by two former Lazard veterans. It 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, says: “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, says: “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.”