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Billion-dollar mandate boosts equities strategy

Yasmine Masi17 August 2022
Stacks of coins in front of sharemarket board

Industry super fund, HESTA, has injected $1 billion into Sydney-based global equities investment manager Antipodes’ Global Long Strategy through a global equities mandate.

Jacob Mitchell, Chief Investment Officer at Antipodes, said the mandate appointment reflects the investment manager’s universal ‘value style’ that aims to invest in resilient businesses across global equity markets.

“Our pragmatic value style has delivered positive outcomes for clients by helping to preserve and ultimately grow capital during periods of market volatility, such as those we have recently experienced,” he said.

“During a period in which investors are once again being reminded about the importance of starting valuations, I thank HESTA for recognising the effectiveness of our pragmatic value approach and selecting our team to help manage its members’ superannuation.”

Wes Campbell, Director of Institutional Distribution at Antipodes’ distribution partner, Pinnacle Investment Management, also said the appointment will help to diversify HESTA’s broader portfolio and provide benefits to investors with exposure in important development areas including decarbonisation, healthcare and digital connectivity.

“The appointment of Antipodes to the HESTA portfolio complements our broader portfolio mix,” Steven Semczyszyn, General Manager – Growth Assets at HESTA, said.

“We are attracted towards Antipodes’ pragmatic approach to valuing companies and program of company engagement.

“We look forward to Antipodes helping HESTA to deliver strong investment returns for our members.”

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