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Antipodes Global Investment Company Ltd

Fund Manager: Antipodes Global Investment Partners
Inception Date: Oct 18, 2016

Jacob Mitchell, a former star fund manager at billionaire Kerr Neilson’s Platinum Asset Management, took a major risk leaving to form his own company two years ago. Now as managing director of the Antipodes Group he is emerging as a key player among specialists in offshore investing. You invest all around the world. Just now there are real fears of a correction led by the tech stocks in the US — what do you think? Wall Street certainly been outperforming. I think the more boring names like Microsoft are still pretty attractive. And you could argue a lot of these major tech names are not “tech stocks” but platform stocks. Take Google or Amazon or Netflix. What they’re doing really is enabling technology for other means. [More]

There are few sectors that are more out of favour than Italian banks. Up to their eyeballs in non-performing loans, a total wipe-out of shareholder capital has only been averted by last-ditch state bail-outs. But Sydney-based global equities manager Antipodes sees one Italian bank as a screaming buy. Mediobanca is Italy's version of Macquarie Bank. And if Italy's banks need to merge or raise equity capital, owning an Italian investment bank could be a smart trade. A potential fee bonanza from fixing the banking sector is just part of the investment thesis. The bank is a lender to Australia's corporate sector and is well placed to reap profits from Italy's under-serviced but relatively wealthy savers. [More]

As an alternative dividend source to the banks and property trusts, the burgeoning listed investment company sector should be on the shopping list of any self-respecting, self-funded retiree. An LIC is a basket of stocks chosen by a manager and then listed as an investment vehicle on the sharemarket. Critics of LICs contend that investors are merely incurring a management fee to invest in the usual blue-chip suspects: for example, despite recently broadening its investments into selected mid-caps, the banks still account for 25 per cent of the portfolio of the biggest LIC in the local market, the Australian Foundation Investment Company. [More]

Antipodes IPO approaches $330m

Investor Daily - Sep 28, 2016

The Antipodes Global Investment Company (ASX: APL), which is expected to commence trading on the ASX on 18 October 2016, is approaching $330 million for its initial public offering. The board has announced it will not accept subscriptions beyond $330 million. The global equities LIC, which is based on the Antipodes Global Fund strategy, will provide investors with a long-short global securities portfolio with a currency overlay. APL board member Andrew Finlay said, "The offer has been very well supported and we are very pleased with strong demand for the investment strategy via the LIC. [More]

Antipodes LIC smashes target

Money Management - Sep 26, 2016

Antipodes Global Investment Company (APL) has exceeded its $220 million milestone and is now open to accepting another $110 million in over subscriptions, for its long-short global security investment portfolio, according to APL.   The listed investment company's (LIC's) portfolio aimed to satisfy the shortage of listed global equity products that delivered in all conditions, said Antipodes Partners.   Antipodes Partners chief investment officer Jacob Mitchell said, it was encouraging to see such strong demand for APL. It was clear that self-managed super fund (SMSF) investors were increasingly aware of local market limitations and sought global opportunities instead.    [More]

Antipodes Partners have today launched their new Listed Investment Company (LIC) IPO, Antipodes Global Investment Company Limited (APL), which is aiming to raise up to $220m. Antipodes Partners are likely relatively unknown to most investors, they haven't been around too long, launching their first 3 managed funds in July 2015, however they have offer an impressive pedigree, with ex Platinum Asset Management Deputy Chief Investment Officer, Jacob Mitchell at the helm. They also boa ... [More]

Antipodes Global LIC opens to retail investors

Professional Planner - Aug 15, 2016

Antipodes Global Investment Company Limited (ASX: APL) – the first listed investment company (LIC) managed by Antipodes Partners Limited (Antipodes Partners) – officially opened to Australian and New Zealand investors today. The initial public offering (IPO or Offer) is seeking to raise up to $220 million, with the ability to accept an additional $110 million in oversubscriptions. The IPO has an issue price of $1.10 per share. Investors will also receive one option for every one share issued under the Offer. APL will provide retail investors with access to a long-short global securities investment portfolio with active currency management.   APL is based on Antipodes Partners’ successful managed fund, the Antipodes Global Fund. In its inaugural year, the actively-managed Antipodes Global Fund delivered 7.4% net return, significantly outperforming the MSCI All Country World Net Index (-0.6%). It also ranked second out of a pool of 54 global equity funds by The Morningstar® Australian Institutional Sector Survey (June 2016).*i [More]

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