Boutique funds management firm Paradice Investment Management (Paradice) has continued to build its presence in the retail market. The firm recently announced that its Australian Mid Cap Strategy received a Recommended rating from research house Zenith following its first review in January. Additionally, the Paradice Australian Mid Cap Fund has recently been added to the BT and Asgard platforms.
Discussing the product’s inclusion on the platforms and Zenith’s rating, Paradice National Sales Manager, Jude Fernandez, said “The fund now sits alongside the Paradice Global Mid Small Cap Fund as the firm’s second offering to retail investors. Paradice has a proven record of providing strong returns for our institutional investors over many years and we are pleased to now offer these strategies to the broader market. The business continues to invest in its retail distribution area by adding resources and selectively bringing strategies to market that we believe can assist investors in meeting their objectives.”
The Paradice Australian Mid Cap Fund is managed by experienced portfolio managers John Lake and Matthew Riordan who have both been with the business for over 9 years and currently manage $2.4bil in the strategy primarily for institutional clients. The strategy invests typically in 40-60 mid cap stocks. Paradice defines mid-caps as stocks outside the ASX top 50 with market capitalisations exceeding AUD $400m and NZX dual listed stocks of comparable market capitalisation.
Paradice is a privately owned funds management business that was started by David Paradice in 1999. The firm currently has in excess of $9bil in funds under management across three Australian equity strategies and one global strategy, with offices in Sydney, Denver and San Francisco.
To find out more information on Paradice and its strategies see below details
Website: www.paradice.com.au
Telephone: 02 8227 7400
Equity Trustees Ltd (ABN 46 004 031 298, AFSL No. 240975) (EQT) is the responsible entity of, and issuer of units in, the Paradice Australian Mid Cap Fund (ARSN 607 435 076) and the Paradice Global Mid Small Cap Fund (ARSN 161 493 456) (each a Fund). In deciding whether to acquire, or to continue to hold, units in a Fund please read the current product disclosure statement for each Fund available from Paradice. Each Fund is available to “wholesale clients” only (as defined in the Corporations Act 2001 (Cth)). Paradice (ABN 64 090 148 619, AFSL No. 224158) is the investment manager of each Fund. Neither EQT nor Paradice guarantee the performance of the Funds. The Zenith Investment Partners (“Zenith”) Australian Financial Services License No. 226872 rating (assigned February 2016) referred to in this document is limited to “General Advice” (as defined by the Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Zenith usually charges the product issuer, fund manager or a related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessment’s and at http://www.zenithpartners.com.au/RegulatoryGuidelines
