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Jacob Mitchell

Antipodes Partners is a global asset manager offering a pragmatic value approach founded in 2015 by Jacob Mitchell, formerly Deputy Chief Investment Officer of Platinum Asset Management, together with a number of former colleagues and like-minded value investors. Antipodes Partners aspires to grow client wealth over the long-term by generating absolute returns in excess of the benchmark, at below market levels of risk. We seek to take advantage of the market’s tendency for irrational extrapolation, identify investments that offer a high margin of safety and build portfolios with a capital preservation focus.

The Million Euro question facing the EU

Jacob Mitchell
Jacob Mitchell Antipodes Partners

Following the Macron victory, Sunny Bangia, Deputy PM at Antipodes Partners, has provided this analysis for the road ahead for the EU. With the election of Emmanuel Macron to France’s highest office, the European Union (EU) now stands at a crossroads. As a monetary union with structurally different economies, the... Show More

Baidu: Well placed and well priced

Jacob Mitchell
Jacob Mitchell Antipodes Partners

Baidu, the dominant search engine and “Google” of China, has been a foundation holding at Antipodes Partners. We originally featured the business in our September 2015 Quarterly Report and later expanded the investment case via our Blog in December 2015. Every stock in the Antipodes Partners Funds undergoes ongoing testing... Show More

What do French elections mean for markets?

Jacob Mitchell
Jacob Mitchell Antipodes Partners

The French Presidential elections (final round run-off will be 7 May) and Legislative elections (11 and 18th June) remain the last of the major Eurozone political events for the year in that the outcome of the German elections (24th September), dare we say, seem far less important given the likely... Show More

ING Groep – A leader in Digital Disruption

Jacob Mitchell
Jacob Mitchell Antipodes Partners

The one constant in global markets is change and since the 2008 financial crisis, the financial sector has faced no shortage of challenges with many banks stuck in a quagmire of poor regulatory and operating outcomes – whilst many sectors have benefited from low rates, the associated margin pressure has... Show More

The perils of the low rate world

Jacob Mitchell
Jacob Mitchell Antipodes Partners

Generational low interest rates are symptomatic of lower growth and inflation, made acute by central banks reacting to structural factors such as ageing populations, integration of savings rich economies into the world economy, offshoring and more recently deleveraging and excess export capacity. Increasingly, there is mounting evidence that distortions are... Show More

Shorting the over-hyped tech 'disruptors'

Jacob Mitchell
Jacob Mitchell Antipodes Partners

A key change across the Antipodes Partners’ Funds over the quarter has been a broadening of the technology cluster to take advantage of observed valuation dispersion. Similar to the technology bubble and subsequent “tech wreck” at the turn of the century, the market’s focus has narrowed around higher growth “winners”... Show More

Now that’s a commodity dividend!

Jacob Mitchell
Jacob Mitchell Antipodes Partners

Last night Norway’s Krone surged as the Norges Bank refrained from cutting interest rates. In his February address to the Norges Bank Supervisory Council, Governor Oeystein Olsen warned, in Games of Thrones style, that “winter is coming”. Speaking yesterday he noted that “Perhaps winter will be a little milder than... Show More

Antipodes LIC exceeds $220m milestone, now accepting over-subscriptions

Jacob Mitchell
Jacob Mitchell Antipodes Partners

Antipodes Global Investment Company Limited (ASX:APL) yesterday exceeded $220 million in subscriptions, the maximum proceeds under the offer (before oversubscriptions). The Listed Investment Company (LIC) has confirmed that it will accept up to a further $110 million in oversubscriptions. APL’s Broker Firm Offer is expected to close this Friday, 23... Show More

Antipodes IPO: Global exposure with less risk

Jacob Mitchell
Jacob Mitchell Antipodes Partners

The initial public offering for Antipodes Global Investment Company Limited (ASX:APL) opens today. The LIC provides investors with access to an actively managed global equities portfolio in the convenience of an ASX listed vehicle. The portfolio will be predominantly comprised of long and short positions in international listed securities and... Show More

Korea: the Bermuda triangle of value investing?

Jacob Mitchell
Jacob Mitchell Antipodes Partners

South Korea is increasingly viewed as the “Bermuda Triangle” of financial markets. Value investors have in recent times been swallowed up by a market that has retreated to levels not seen since the Global Financial Crisis. The lure of low starting valuations have been overwhelmed by the usual chorus of... Show More

High Yield Debt. Contagion Looming?

Jacob Mitchell
Jacob Mitchell Antipodes Partners

The vast majority of financial crises have been preceded by the rapid accumulation of debt. For recent examples, we need only look back to the sub-prime housing crisis in the United States and European sovereign debt crisis. Perhaps the defining characteristics of the current cycle are the rapid build-up in... Show More

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