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16 AUGUST 2022

Antipodes appointed by HESTA to manage global equities mandate

Sydney-based global equities investment manager, Antipodes, is pleased to announce its appointment by leading industry super fund, HESTA, to manage a major global equities mandate. 

The approximately $1 billion mandate for the Antipodes Global Long Strategy was awarded following an extensive due diligence process. 

Antipodes’ Chief Investment Officer, Jacob Mitchell, said the appointment is a testament to Antipodes’ holistic approach to identifying value 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. 

“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.” 

Pinnacle Investment Management (Antipodes’ distribution partner) Director of Institutional Distribution, Wes Campbell, also commented on the appointment. 

“As we have seen increasing concentration in global equity allocations, Antipodes’ differentiated value investing style will provide further diversification benefits for the broader HESTA portfolio and deliver sensible and aligned exposure to important areas of development such as decarbonisation, healthcare and digital connectivity.” 

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