Antipodes Partners launches new LIC

Antipodes Partners launches new LIC

The Antipodes Global Investment Company, a new listed investment company (LIC), was launched to Australian and New Zealand investors yesterday by Antipodes Partners.


The new LIC is invested in global securities, and uses a long-short investment strategy with active currency management, with Antipodes chief investment officer Jacob Mitchell saying it offers retail investors extra diversity.

“Australian retail investors are traditionally weighted towards Australian-domiciled investments. Antipodes Global Investment Company offers investors much-needed diversification, providing easy access to global markets,” he said.

The LIC is based on Antipodes Partners’ managed fund, the Antipodes Global Fund, which delivered a net return of 7.4 per cent in its first year.

“Our ability to generate returns from both long and short positions, as well as active currency management, provides investors with a portfolio that is attractive for both capital preservation and positive returns,” Mr Mitchell said.

The company said its strategy is to generate “absolute returns in excess of the benchmark” to grow wealth over the long term.

Antipodes Global Investment Company is looking to raise $220 million in the IPO, with the capacity to take an additional $110 million in oversubscriptions.

Read more:

Europe headed for long default cycle: CQS

Rubik appoints institutional sales head

Political uncertainty dragging on growth

NAB Asset Servicing rolls out ESG reporting

MLC unveils new investment options

Related Articles

 

Antipodes Partners launches new LIC
investordaily image
ID logo
promoted stories

Appointments

David Cullen

AMP appoints new group general counsel

Reporter

Matt Brown

Australian Unity hires former ANZ Wealth exec

Reporter

Deanne Stewart

First State Super announces new CEO

Reporter

Analysis

investordaily image

Corporate governance and advocacy in China

Therese Niklasson

Dug Higgins

The shifting LIC landscape

Dug Higgins

investordaily image

The perils of chasing niche infrastructure

Frithjof van Zyp