Back to the future: Paradice awaits in emerging markets

Published on 19 July 2019

“When I started the Australian Small Cap Fund 20 years ago it was, and still is, a riskier asset class. Our belief is that if it is done properly, you can generate significant returns with a conservative approach. Emerging markets is like Australian small caps in that it’s a true stock pickers market.”

David Paradice was recently featured in a Livewire article announcing his first new fund in over a decade will provide further diversification for the business. Paradice further added that the new addition would not have been launched without the support of existing clients and if he didn’t believe it could perform. The Paradice Global Emerging Markets Fund, which is being run by San Francisco-based pair Edward Su and Michael Roberge, will have a portfolio of between 40 and 60 stocks.

Source: https://www.livewiremarkets.com/wires/back-to-the-future-paradice-awaits-in-emerging-markets

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

Published on 10 May 2019

“Back in late 2017 when BHP was $26 and unloved, Troy Angus Head of Australian large caps at Paradice Investment Management made the case for the stock in a Livewire interview. Fast-forward to today, and the stock is close to $40, and paying dividends. We recently sat down with Troy and asked if the big miners could have further to run.

In this short interview, Troy updates us on his outlook for the resources sector, the key drivers behind his thesis, and some preferred exposures. We also took the opportunity to get his outlook for the other pillar of the Australian market, financials, asking whether the sector could have some clear air with the Royal Commission behind us. Watch now to hear whether resources or banks could be the better bet ahead.”

Source: https://www.livewiremarkets.com/wires/what-we-like-and-what-we-re-avoiding

A postcard from Paradice

Published on 17 April 2019

“One of Australia’s most iconic funds management firms will celebrate its 20th anniversary this year. From humble beginnings with just $30 million of assets under management Paradice Investment Management today manages ~$16 billion across five strategies invested in Australian and Global Equities.”

In the recent interview with Livewire, Troy Angus and Matthew Riordan who oversee Paradice’s Australian large and mid-cap strategies respectively shared with their views on the current investment landscape and their assessment on the US and Chinese economies.

Source: https://www.livewiremarkets.com/wires/a-postcard-from-paradice

CSL: The secrets to their success

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 comes down to a few main factors.

“They have been very prescient and very forward thinking about putting new capacity of their plasma therapy products into the market, as and when required.”

Three keys to CSL’s success:

  1. A relentless focus on their core competency; blood plasma therapies
  2. Flawless execution. CSL have successfully navigated the ups and downs of the plasma therapies markets to ensure new supply came online when it was needed
  3. A management team of the highest quality, which Troy calls “literally world class.”

Watch the video below to hear his take on which sectors and industries ‘the next CSL’ could come from, and how this could affect some of Australia’s largest companies.

Source: https://www.livewiremarkets.com/wires/csl-the-secrets-to-their-success