Antipodes long-short fund added to CFS FirstChoice
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.
Recommended for you
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
Following yesterday’s news about First Sentier Investors closing four investment teams, a second global asset manager has announced it is closing its only dedicated Australian fund.
