Tages Capital expands into Germany and Austria
Tages Capital, a provider of alternative multi-manager investment solutions and Frankfurt-based Gauly | Dittrich | van de Weyer Asset Management have announced 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 return, Tages will distribute Gauly | Dittrich | van de Weyer’s Asset Management’s products and services outside Germany and Austria as an exclusive partner.
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 already established strategic distribution agreements in Italy and most recently in France, through a recent strategic partnership with La Francaise announced last month.
Gauly | Dittrich | van de Weyer Asset Management was founded in 2012 in Frankfurt, by two former Lazard veterans with international experience in portfolio management who were responsible for managing approximately €10bn, including multi-asset and balanced funds.
The asset manager 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 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 customized 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, their prominence in the German market will help us expand our geographic presence in Europe and marks the next step on our exciting growth journey.”
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