Global equities investment boutique Antipodes Partners has had its Global Long-Short Strategy added to Colonial First State’s FirstChoice platform.
Antipodes, which described itself as a manager offering a “pragmatic value investment approach,” said its assets under management (AUM) have increased to approximately A$7 billion in just three years since its formation.
Around half of this AUM was sourced from institutions, with the other half from retail investors including self-managed super funds and high net worth individuals, it said.
Antipodes' Global Long-Short strategy invests in a select number of attractively valued companies listed on global share markets. Net equity exposure ranges from 50-100 per cent but has typically been around 60 per cent since inception, the manager said.
Equity shorts and currency positions may be used to take advantage of attractive opportunities, offset specific unwanted portfolio risks and provide some protection from negative tail risks, Antipodes said.
Derivatives may also be used to amplify high-conviction ideas, it said.
Since inception on 1 July, 2015, Antipodes said the Global Long-Short strategy has exceeded its benchmark, the MSCI All Country World Net Index in US$, by 12.5 per cent, delivering a total return of 41.8 per cent as at 31 May, 2018.