What Antipodes Partners does

Antipodes Partners is an Australian-domiciled, privately-held global equities investment manager headquartered in Sydney, majority-owned by its investment team and operating under the Pinnacle Investment Management affiliate infrastructure model. The firm manages over $20 billion in assets (as of 31 December 2025) across more than 13 funds and ETFs spanning global equities (long-short and long-only), regional emerging markets/Asia/China, global credit, and the Climate Delta thematic strategy, distributed via Pinnacle's platform, major investment platforms, financial advisers, and two ASX-listed active ETFs (AGX1, MIDS).

The firm's core operating model is a pragmatic value investing approach executed through a proprietary valuation framework that integrates quantitative tools with fundamental research to identify mispriced opportunities created by market over-reactions. The investment team is led by CIO Jacob Mitchell and includes specialist portfolio managers across global, SMID, EM/Asia, and credit mandates. Revenue is generated through management fees (0.95%–1.20% p.a. on NAV) and performance fees (15% of net return above benchmark), aligned with investor outcomes via investment-team ownership.

Antipodes materially expanded scale in August 2024 by acquiring Maple-Brown Abbott (~$20B AUM at acquisition), with post-acquisition rationalisation targeted for completion by June 2025. The firm is regulated under Pinnacle Fund Services as responsible entity, serves retail, SMSF, advised wholesale, and institutional investors across Australia, New Zealand, and offshore markets, and was named Australia's 2026 Fund Manager of the Year by Morningstar.

Name

Antipodes Partners

Legal name

Antipodes Partners Limited

Website

https://antipodes.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Management Fees: Charged as a percentage of assets under management. The Antipodes Global Fund charges 1.20% p.a. on Net Asset Value. The Global Value Fund charges 0.95% p.a.
2. Performance Fees: 15% of net return in excess of the benchmark for the Antipodes Global Fund. Alignment of interests between investment team and investors through performance-based compensation.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Core offering

Antipodes Partners is an Australian global equities investment manager that offers actively managed funds and ASX-listed ETFs spanning long-short and long-only global equity strategies, regional emerging markets and Asia-focused funds, fixed income/credit funds, and a thematic climate-focused strategy. The firm applies a pragmatic value investing approach supported by proprietary valuation frameworks to identify mispriced opportunities across developed and emerging markets, distributing products via Pinnacle Investment Management, adviser networks, platforms, and exchange-traded vehicles.

Product overview

Antipodes Partners operates as a global equities investment manager offering a diversified suite of actively managed funds and ETFs. The product architecture spans multiple fund types: global equity funds (long-short and long-only), regional emerging market and Asia-focused funds, fixed income/credit funds, and thematic strategies. Core products include the Antipodes Global Fund (long-short), Antipodes Global Value Fund (long-only), and Antipodes Global SMID Fund (small-mid cap). Several strategies are available both as unlisted managed funds and as ASX-listed active ETFs (AGX1, MIDS). The funds share a common pragmatic value investment philosophy focused on identifying undervalued companies through proprietary valuation frameworks, with geographic reach spanning developed and emerging markets globally. Distribution is handled through Pinnacle Investment Management Group, with access via investment platforms, direct application, and financial advisers.

Differentiator

Problem solved

Functional benefit

Brands

• Antipodes Global Fund: Long short global equities strategy combining disciplined valuation framework with flexibility to take both long and short positions in international shares.
• Antipodes Global Value Fund
• Antipodes Global Value Fund (Hedged)
• Antipodes Global Core Fund
• Antipodes Global SMID Active ETF
• Antipodes Global Value Active ETF
• Antipodes Emerging Markets Fund
• Antipodes Asia Fund
• Antipodes China Fund
• Antipodes Global Credit Fund
• Antipodes Global Credit Opportunities Fund

Products and services

• Antipodes Global Fund A global equity long-short fund combining a disciplined valuation framework with the flexibility to take long and short positions in international shares, aiming to generate strong risk-adjusted returns over the medium to long term. Management fee 1.20% p.a. with 15% performance fee on returns above benchmark.
• Antipodes Global Value Fund An actively managed global long-only equities strategy identifying attractively valued companies across developed and emerging markets using proprietary research and rigorous valuation frameworks. Management fee 0.95% p.a.
• Antipodes Global Value Fund (Hedged) Follows the same value-driven approach as the Global Value Fund with active currency hedging to reduce the impact of exchange rate movements, providing AUD hedged exposure to global equities.
• Antipodes Global Core Fund

Quantifiable outcome

• Antipodes Global Value Fund: 11.9% p.a. inception return (Class P, AUD net of fees as at 31 December 2025)
• +2 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Maple-Brown AbbottcoreStrategic or Co-development Partner · 24 July 2024Acquisition completed August 2024. Maple-Brown Abbott (MBA) operates under its brand while becoming part of Antipodes Group. MBA manages over $20 billion in assets with significant offshore client base. Key MBA teams maintain operational autonomy. Fund rationalizations ongoing aiming for completion by June 2025.
• Pinnacle Investment Management GroupcoreGTM or Marketing Partner · 24 July 2024Pinnacle handles infrastructure and marketing for Antipodes, allowing the investment team to focus purely on investment decisions. Pinnacle is the product issuer and distribution partner through its platform. Pinnacle Fund Services Limited is the responsible entity for Antipodes managed funds.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• L1 Capital: Melbourne-based long/short global equities boutique with performance-fee structure and institutional/wholesale focus, comparable in scale and product architecture to Antipodes.
• Plato Investment Management: Sydney-based long/short equities manager running both long-only and long-short global mandates, with similar scale and a Pinnacle-affiliated distribution model.
• Platinum Asset Management: Australian active global equities manager running the Platinum International Fund on a deep-value, contrarian philosophy with long/short capability — directly comparable in style, structure and target wholesale investor base.
• Magellan Asset Management: Sydney-based active global equities manager best known for the Magellan Global Fund and Magellan High Conviction strategy, sharing Antipodes' long/short, value-aware approach and AU/NZ distribution footprint.
• Ausbil Investment Management: Active Australian and global equities manager with institutional and retail strategies under an A$25K minimum, directly comparable to Antipodes Global Value and Global SMID products.
• Loftus Peak: Australian concentrated global equities manager with an active, high-conviction approach focused on structural growth themes — adjacent in product type but a viable substitute for advisers allocating to Antipodes.
• GQG Partners: Australian-headquartered active global equities manager offering quality and value strategies to global institutional and retail clients, competing head-to-head with Antipodes for global equity mandates.

Broad incumbents

• Perpetual Investments: Large incumbent Australian asset manager with broad active equities, credit and multi-asset offerings, including the Pendal-acquired global equities capabilities — broader scope but overlaps on active global value mandates.
• WCM Investment Management: US-based active global equities manager with concentrated quality-growth strategies; comparable in international retail/ETF distribution via the Motif/orthogonal ETF wrappers though differentiated in style.

Emerging players

• Bennelong Australian Equity Partners: Australian boutique active equities manager offering global equity strategies to AU wholesale and institutional investors — partial overlap with Antipodes' value-tilted global offerings at smaller scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/antipodesinvest
• YouTubeyoutube.com/channel/UCv15QOk55cGA7X5qV2-eTEQ
• LinkedInlinkedin.com/company/antipodes-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Antipodes Partners