Following material change in its client base, Tyndall’s large cap research team will be closed in January 2026. The decision reflects current dynamics in Australian large cap value equities and Tyndall’s market position.
With the support of the Yarra Group – a 50% owner of Tyndall – Tyndall’s highly successful small companies’ franchise will soon be repositioned and rebranded into a new affiliate. This comes at a time when there is substantial market demand for the category – with only a few small cap quality franchises with available capacity – and reflects the strong and consistent outperformance the small cap team has delivered since its inception in March 2023 (1-year net +11.4%, SI net +6.6%).
The new affiliate will be led by Tim Johnston and James Nguyen as Co-Portfolio Managers – who have worked together for the last 18 years at Tyndall – supported by Scott Hudson. The team brings a combined 75 years’ industry experience. The new affiliate will be supported by Yarra’s deep infrastructure spanning sales and marketing, investment operations, finance and legal, risk and compliance.
The Responsible Entity of the Tyndall funds has elected to appoint Yarra Capital Management’s Equities team to continue managing the Tyndall Australian Share Wholesale Fund (ARSN 090 089 562) and Tyndall Australian Share Income Fund (ARSN 133 980 819). This change will become effective in January 2026, at which time new offer documents will be made available. More information in relation to this change is available here and will be separately provided to Unitholders.
The Tyndall Australian Small Companies Fund (ARSN 665 798 747) is unaffected by the changes outlined above and remains open to new investment.
FURTHER INFORMATION
INVESTOR SERVICES TEAM
MEDIA
Stewart Harris
1 Performance net of all fees and expenses, 31 Oct 2025.
