Bringing you live news and features since 2006 

Jacob Mitchell, Antipodes Partners

Antipodes Partners launches second global equity UCITS strategy

RELATED TOPICS​

Antipodes Partners Limited (Antipodes Partners), the boutique Australian investment management firm, has launched its second UCITS vehicle investing in global equities.

The Antipodes Global Fund – Long – UCITS, which was launched with USD55 million of cornerstone assets, is the second sub-fund of the Pinnacle ICAV, a Dublin-based UCITS umbrella distributed by Pinnacle Investment Management – a leading Australian multi-boutique platform with over USD24 billion in AUM across its affiliate managers.
 
A pragmatic value manager of global equities, Antipodes Partners was founded in 2015 by Jacob Mitchell (pictured), former Deputy CIO of Platinum Asset Management, together with a number of former colleagues and like-minded value investors.
 
The Antipodes Global Fund – Long – UCITS follows the same investment strategy, philosophy and process as the Antipodes Global Fund – UCITS, which was unveiled in 2017, but without the short equity exposure.
 
Antipodes Partners, which has run a dedicated long-only global equity strategy for Australian-based investors since the firm’s inception, manages USD1.1 billion in long-only global equities. Overall, Antipodes Partners runs more than USD5.2 billion in global equities.
 
The Australian-based long-only global equity strategy has returned 47.9 per cent net since inception in July 2015 to the end of February 2018 in US dollar terms, compared to benchmark performance of 28.7 per cent for the MSCI AC World Net Index.
 
Antipodes Partners builds high conviction portfolios and focuses on capital preservation, with the aim to deliver consistent alpha at lower levels of risk than the overall market. Its investment process seeks to take advantage of the market’s tendency for irrational extrapolation in the identification of investments offering a high margin of safety.
 
The experienced 17-strong Antipodes Partners investment team includes top sector specialists and a research team with expertise across multiple geographies and industries. The boutique last year opened a dedicated office in London, its first location outside of Australia, run by sector head Chris Connolly.
 
“At the core of our investment philosophy, we seek in our long investments both attractively priced businesses that offer margin of safety, as well as investment resilience characterised by multiple ways of winning,” says Mitchell.
 
“While the investment case will always be predicated on idiosyncratic stock factors such as competitive dynamics, product cycles, management and regulatory outcomes, we seek to amplify the investment case by taking advantage of style biases and macroeconomic risks and opportunities.”
 
The Antipodes Global Fund – Long – UCITS, a high conviction portfolio of around 30-60 major long holdings, offers a highly differentiated portfolio versus the index and peers – with more than 45 per cent of assets allocated to Developed Asia and Developing Asia. The portfolio has a major underweight to the US, the dominant geographic weight in the benchmark.

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by