Former deputy chief investment officer of Platinum Asset Management, Jacob Mitchell, has partnered with Pinnacle Investment Management to launch a new global equities management firm.
In a statement issued by Pinnacle, the investment manager said the new Sydney-based firm, Antipodes Partners, will manage both long-short, long-only global and Asian equity portfolios.
Pinnacle added the firm will launch with over $200 million in funds under management and institutional-grade infrastructure.
Prior to teaming up with Pinnacle, Mr Mitchell worked with Platinum AM as deputy chief investment officer and portfolio manager of the company’s flagship Platinum International Fund, Platinum Unhedged Fund and Platinum Japan Fund.
After working for Platinum AM for more than 14 years, Mr Mitchell resigned from the company effective December 2014 and is now Antipodes Partners managing director and chief investment officer.
“In over 20 years of investing I’ve learnt not only about stocks and markets but also about the importance of culture and alignment within investment firms,” Mr Mitchell said.
“My experience suggests that an unconstrained but disciplined approach can deliver significant outperformance in global equities. Each of the funds I managed whilst at Platinum was rated amongst the best in their category globally.
“By partnering with Pinnacle, Antipodes Partners can focus on seeking out great businesses that also represent great value, and build resilient, high-conviction portfolios for our clients,” he said.
Antipodes Partners will be majority-owned by its investment team with minority ownership and support provided by Pinnacle.
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