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Insights

For additional insights into our four investment strategies, we’ve collected the most recent reports and perspectives below.

Reality has yet to sink in for markets

Long Short Australian Equities
Published on 30 April 2020 In markets like the present, the ability to go either long or short is invaluable. A long/short strategy can position to profit either way. In July 2019, we launched the Paradice Long Short Australian Equities Fund led by portfolio manager David Moberley. The fund has hit the ground running, posting significant outperformance against the benchmark...

RIO: Strong balance sheet and solid free cashflow

Paradice Australian Large Cap , Paradice Investment Management , Reporting Season
Published on 27 February 2020 Reporting season update saw RIO reported underlying NPAT of US$10.4bn, up 18% year on year. This was largely in line with our estimates as well as consensus. The balance sheet finished the year in a strong position with US$3.6bn of net debt (this was better than expected however seems largely timing related with a tax...

Like buying Xero four years ago

Global Small Cap , Paradice Investment Management
Published 7 February 2020 "Do you ever wish you'd bought Xero four years ago - before the price increased six-fold?...

How China is leapfrogging the West

Global Emerging Markets , Investment opportunities , Paradice Investment Management
Published on 6 February 2020 Mobile payment penetration in China is over 80%, well ahead of the West. So ubiquitous is the technology that beggars on the street often use QR codes rather than asking for change. Michael Roberge, Co-Portfolio Manager of the Global Emerging Markets Fund says that large, innovative companies like Alibaba and Tencent are “changing the game” for...

Loyal but unloved: 3 stocks craving your attention

Global Small Cap , Paradice Investment Management , Stock opportunities
Published 30 Jan 2020 Paul Mason, Analyst from the Paradice Global Small Cap team was featured in the recent article published by Livewire discussing the most underappreciated stock in their portfolio and why it is a hidden gem in offshore equity markets. Equiniti: Similar to Computershare but faster-growing and cheaper Shareholder services provider Equiniti Plc is a long-term UK holding...

Are emerging markets cheap?

Business Quality , Global Emerging Markets , Paradice Investment Management , Risk Management , Sector Analysis
Published 29 January 2020 On the surface, emerging markets appear to be significantly cheaper than developed markets. Emerging markets trade...

Could Alibaba be set for a re-rate?

Global EmergingMarkets , Paradice Investment Management
Published on 21 January 2020 Alibaba is often said to be ‘the Amazon of the east’, and here again, this rings true. However, according to Edward Su from Paradice, Alibaba’s cloud business is not yet fully appreciated by the market. In this short video, Su discusses another company with similar attributes that’s not yet widely known among investors. Source: https://www.livewiremarkets.com/wires/could-alibaba-be-set-for-a-re-rate  

Five key takeaways on the Global Small Cap Sector

Global Small Cap , Paradice Investment Management , Value Investing
Published on 15 November 2019 At a recent boardroom briefing, the Paradice Global Small Cap Fund team discussed their views on what’s influencing movements in the small-cap sector. They said two main themes are occurring: global low interest rates have inflated asset prices to historical records and there has been an apparent shift from growth to value investing. Click here...

Preparing for the great wildebeest migration

Growth vs Valuation , Paradice Australian Large Cap , Paradice Investment Management
Published on 5 December 2019 Over the last decade in Australian equities, factor returns for growth and momentum-based strategies have...

Valuation always matters

Published on 13 June 2019 “Some in the market are saying valuations don’t matter so much. But valuation always matters. We are concerned, these things can continue for a while… but at some stage it becomes unsustainable” In this video, Matthew Riordan, Co-Head of Australian Mid Cap at Paradice Investment Management shared his view on this important issue. Source: https://www.livewiremarkets.com/wires/valuation-always-matters...

What we like and what we’re avoiding

Austra , Paradice Australian Large Cap , Paradice Investment Management , Sector Outlook
Published on 10 May 2019 "Back in late 2017 when BHP was $26 and unloved, Troy Angus Head of Australian large...

A postcard from Paradice

Australian Equities , Australian Mid Cap Fund , Economy & Politics , Matthew Riordan , Paradice Investment Management , Troy Angus
Published on 17 April 2019 "One of Australia’s most iconic funds management firms will celebrate its 20th anniversary this year....

CSL: The secrets to their success

Australian Equities , Large Cap , Paradice Investment Management , Success stories
Published on 22 October 2018 With a market capitalisation of nearly $100 billion and having produced returns of more than 20,000% (200x) for early investors who stuck with it, CSL is one of the true Australian success stories. But what has allowed them to achieve such outstanding success? Troy Angus, Head of Large Caps at Paradice Investment Management, says it...

What could derail equity markets?

Australian Equities , Equity Markets , Investment environment , Large Cap , Paradice Investment Management
Published on 10 October 2018 With the economy chugging along nicely, and equity markets grinding higher, it’s been pretty smooth...

How is corporate Australia holding up?

Australian Equities , Large Cap , Paradice Investment Management
Published on 28 Sep 2018 With so much discussion about the maturity of the current bull market, it would be easy to assume that corporate balance sheets have fallen into the same state of disrepair we saw before the GFC. Troy Angus, Head of Large Caps at Paradice Investment Management, had only recently launched his fund in 2007, and told...

The Rule of Investing: What makes a good business?

Global Equities , Global Small Mid Cap Fund , Investment approach , Paradice Investment Management
Published on 14 September 2018 After a chance meeting with legendary stock picker, David Paradice, today’s guest, Kevin Beck, joined...

The 5 key issues for markets right now

Australian Equities , Equities , Large Cap , Long term investment , Long-term interest
Published on 22 Jun 2018 Some of the key issues we are considering as we look into the next financial year are as follows: Will global growth momentum be sustained? Can geopolitical tensions derail the economic expansion? What absolute level of long-term interest rate becomes an impediment to equity prices continuing to rise? Will oil prices sustain the rally seen...

Australia’s $20 billion question

Chinese economy , Consumer behaviour , Emerging opportunities , Paradice Mid Cap Fund
Published on 18 May 2018 "There is approximately $20 billion of market capitalisation on the ASX with exposure to the...

A big shift in China

Macro , Paradice Investment Management , Paradice Mid Cap Fund , Sustainable growth
Published on 26 April 2018 For many years China has had a single focus of delivering high GDP growth. John Lake from Paradice Investment Management has recently returned from a visit to China and says two important shifts are taking place. One is a focus on sustainability and the environment ahead of growth. The other is the process of deleveraging...

Paradice: You need to think differently

Currency , Equities , Fixed Income , Macro , Property
Published on 16 Mar 2018 It’s 4am on a dark and rainy morning back in 2000. A lone, frustrated figure is running around Chatswood Golf Course. It’s a young David Paradice. He has just left the security of a large established firm believing he can achieve superior returns by investing in small caps. But things aren’t going to plan. Three...