Former Platinum deputy CIO launches boutique manager
The former deputy chief investment officer for Platinum Asset Management, Jacob Mitchell, has set up his own boutique funds management business under the umbrella of the Pinnacle Investment Management.
The new business, Antipodes Partners, will offer high conviction investments in global and Asian equities with three pooled funds already set up offering global long, global long-short, Asian long-short investments.
Mitchell and the investment staff of Antipodes will be majority owners with Pinnacle taking a minority stake of the fledgling business which currently has $200 million in fund under management, which has been sourced from the market, with no limit set on total funds under management.
Mitchell, who will occupy the roles of managing director and chief investment officer at Antipodes, said the boutique manager had appointed seven investment staff but was still recruiting with the manager formally opening for business from today.
Pinnacle Investment Management director Andrew Findlay said his group's involvement in the group was as a minority stakeholder which provided non-investment services such as back office and compliance support in a similar way to other eight boutique managers under the Pinnacle banner.
The start up is Mitchell's return to funds management following his departure from Platinum in December 2014 after 14 years. In that role he was both deputy chief investment officer and portfolio manager of the Platinum International Fund, Platinum Unhedged Fund and Platinum Japan Fund.
"I was provided with many opportunities at Platinum but after 14 years I reached the point where it was time to do something different under my own shingle. I will continue to examine equities while building a scalable business that aligns its performance with that of its clients. The aim is to invest where we see clear opportunities to add alpha and dampen volatility," Mitchell said.
AUTHOR
Jason Spits
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