Antipodes Global hits $100m target
Listed investment company, Antipodes Global Investment Company, has reached its $100 million milestone target on the back of strong adviser and investor demand.
The company said its global fund provided investors with access to a long-short global security investment portfolio that had currency management.
The Antipodes Global Fund generated a 7.45 per cent net return and outperformed the MSCI all country world index which yielded -0.6 per cent.
Chief investment officer of the group, Jacob Mitchel, said it was encouraging to see that despite market volatility, self-directed investors and advisers were taking advantage of the opportunity to invest in APL.
To see how the fund performed against the index, click here.
http://investmentcentre.moneymanagement.com.au/factsheets/mi-lffk0/anti…
Recommended for you
Some 42 per cent of CEOs say they are actively reinventing their business to stay relevant in the next decade, with consumer services the most common choice for asset and wealth managers.
Former Ophir Asset Management chief executive, George Chirakis, has joined private equity manager Scarcity Partners, while the asset manager has appointed a replacement from Macquarie.
Australian Unity has appointed a fund manager for its Healthcare Property Trust, joining from Centuria Healthcare, as it restructures the product with a series of senior appointments.
Financial advisers nervous about the liquidity of private markets funds for their retail clients are the target of fund managers launching semi-liquid products which offer greater flexibility and redemptions.
