London-based Ignis Asset Management and Tyndall Investment Management have formed a strategic alliance in Australia.

Under the terms of the agreement, Ignis will sub-advise investment strategies exclusively with Tyndall AM into the institutional market in Australia, the firm said in a statement.

Initially, Tyndall AM will offer Ignis’ Absolute Return Government Bond strategy and liability driven investment solutions to institutional investors. Tyndall AM may also consider other Ignis investment strategies, such as emerging market debt, as part of its multi-manager and World Series Fundä platform offerings in future.

Ignis Asset Management is a part of Phoenix Group, the UK’s largest closed life and pension fund consolidator, and has approximately £67.6 billion ($108.40 billion) of total assets under management.

Tyndall AM, based in Sydney, manages approximately £13.9 billion of assets on behalf of institutional, insurance and private wealth clients in Australia. It is part of Nikko AM, an independent fund manager in Asia, headquartered in Japan.