Very welcome and comforting to see Paradice take a cornerstone stake in DEV, placing $5m in the latest CR. David Paradice is one savvy and successful stock picker.
FYI:
David Paradice set up the firm in 1999, as a small caps Australian investment manager and has grown into one of Australia’s biggest and best known boutique equity managers with $18 billion in assets under management.
Paradice Investment Management now runs Australian small, mid and large caps, global small caps and emerging markets strategies, from its offices in Sydney, Denver and San Francisco. Its clients include Cbus, Commonwealth Superannuation Corp and Rest Super, according to disclosures from each of the superannuation funds.
Nice vote of confidence.
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