Cutwater Asset Management, a fixed-income money manager, has struck a strategic partnership with Tandem Global Partners.

Tandem operates diverse private investment vehicles and has expertise in emerging markets bonds, currencies, and a wide range of domestic and global credit products, a Sept. 15 statement said.

Kevin Murphy, Joe Petri and James Tammaro founded the firm in 2008.

Cutwater, meanwhile, has state and local governments, financial institutions, pension funds, unions, insurance companies and corporations on its client roster. The firm deals solely in fixed-income investments; it has $43 billion of assets under management.

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