Antipodes eyes opportunity in market’s ‘irrational’ behaviour
Taking advantage of the market's "selectively irrational" nature is one of the key factors that has seen new funds manager, Antipodes Partners, secure support from Zenith Investment Partners.
The research house has provided ‘recommended' ratings for two of Antipodes three funds, which were launched on 1 July 2015.
Antipodes chief investment officer, Jacob Mitchell, said the speed at which the Antipodes Global Long/Short Fund and the Antipodes Asian Long/Short Fund, secured ratings from Zenith reflected the experience of the investment team.
"There's 10 of us, and on average there's 12 years of global investing experience across the team," he said.
"We've got a very tight product offering, which is global, effectively it's one team , one process expressed three different ways — Global Long; Global Long/Short; and Asia Long/Short — and I think that's quite powerful.
"We call ourselves pragmatic value investors maintaining an independent approach — of the most interesting opportunities in the market, when stocks become cheap is when they're making changes in the operating environment, and even the very best, strongest businesses, their very success attracts competition, technological disruptors, or regulatory changes.
"As a pragmatic value investor, you want to ultimately take advantage of the market's tendency to be selectively irrational around assessing the impact of those changes."
Mitchell added that Antipodes had adopted a strategy of targeting independent advisers and self-managed superannuation funds (SMSFs).
"A lot of managers target the institutional market… we've decided we want a fairly balanced approach, so that means we want to have a mix of clients from large institutions right down to self-directed investors," he said.
"We've made a decision to launch the funds, which are ultimately aimed at the adviser market and also the SMSF market."
Recommended for you
Magellan fund manager Arvid Streimann has resigned after an investigation into allegations he had a workplace relationship with a junior employee.
Clime Investment Management has sold a portion of its retail client book to an external financial planning practice for $1.6 million in its latest cost-out move.
In his inaugural address as L1 Group chief executive, Julian Russell has outlined his vision and priorities for the newly-merged $16.7 billion business but warned fund outflows will continue for 18 months.
Ten Cap has announced it will launch its first active ETF on the ASX later this month, expanding retail access to its flagship Australian equities strategy.
