Antipodes expands investment team, creates active ETF

Sydney-based global equities manager Antipodes is welcoming a new managing director as well as three new investment team members. It is also establishing its second active exchange-traded product and launching Irish-domiciled UCITS funds for its three investment strategies.

Speaking to Financial Standard, newly-appointed managing director Andrew Findlay said the expansion is a result of increased demand for global equities solutions, mainly from retail clients. It also allows chief executive and chief investment officer Jacob Mitchell to focus more on investment performance.

Findlay's appointment is an internal move. He has been a director at Antipodes Partners since the firm's inception and a long-standing director at minority partner Pinnacle Investment Management. Mitchell said Findlay had practically been the de-facto managing director since the fundamental manager launched in 2015.

Investment team appointments

Three recent hires means the investment team has grown to 17 and is now responsible for about $7 billion in assets under management, Mitchell said.

Joining the investment team as a quantitative investment specialist is Kieran Rabbitt. He is the fourth hire among Antipodes' quant team and will be responsible for portfolio analytics and systems development. He previously spent eight years at Dimensional Fund Advisors.

Mitchell said given Rabbitt's background as a software designer it will allow the firm to "automate all of our internal and external performance measurement and reporting."

The second hire is Aidan Kerr. He joins as an investment analyst covering global healthcare and was previously an equity analyst in the healthcare team at Magellan Financial Group.

Also joining the team as an investment analyst is Vinayak Muralidharan. He will cover the global financials and infrastructure sectors. Before joining Antipodes, Muralidharan spent seven years with Magellan as an equities analyst focused on global banks and diversified financials.

It is also understood Antipodes will soon be making an additional hire in its London-based research office. It will be the fourth hire in London.

Active ETF launch

On top of its established Listed Investment Company (LIC), Antipodes expects to launch an exchange-quoted managed fund or "an active ETF" in the coming months. It will be a replica of the firm's Antipodes Global Fund (long only).

Findlay said the new investment vehicle will "enable SMSFs and other retail investors to easily access Antipodes' capabilities through an open-ended ASX-listed investment."

"It's a sector we think is primed to go, very investor friendly and suits our strategy very well," he said.

Separately, Antipodes is also launching Irish-domiciled UCITS funds for its three global equity strategies. This includes the Global Fund (long only), the Global Fund (long-short) and the Asia Fund (long-short).

"The UCITS funds are targeted towards investors in Europe and Asia where Antipodes is seeing demand for its high-conviction, risk-aware approach," Findlay said.

"The investment team has the advantage of managing a focused number of investment strategies. At the same time we are developing new vehicles to provide access to a broader spectrum of investors, both in Australia and overseas."

Antipodes Partners was recently crowned a winner in the 2018 Financial Standard Investment Leadership Awards. It won the international equities high performance category.

Read more: UCITSAntipodes PartnersAntipodes Global FundAndrew FindlayJacob MitchellFinancial StandardKieran RabbittMagellan Financial GroupVinayak MuralidharanAidan KerrAustraliaDimensional Fund AdvisorsEuropePinnacle Investment Management
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