Paradice Investment Management (PIM) was established in 1999 as one of Australia’s first specialist smaller companies’ investment managers. PIM has now broadened its product offering to include a Micro Cap Fund, Small Cap Fund, Mid Cap Fund, and a Large Cap Fund.
PIM is a privately owned investment company that holds its clients as its highest priority. The portfolio managers together have more than 50 years experience in investing in Australasian and New Zealand shares and bring an excellent track record of performance to PIM.
PIM’s goals are strongly aligned with their clients’ interests in that they are uncompromising in having a culture that is focused on quality and disciplined performance. PIM also deliberately limit funds under management to assist in producing long-term quality returns. To deliver the desired performance, it is essential that PIM retains good quality staff. This is achieved by giving staff equity in the Manager, based on their performance. PIM is owned and funded 100% by staff.
The experience of the investment team is extensive with many of the team having worked in different industries and professions other than the one in which they currently work. The area of over-riding commonality amongst the PIM investment team is their passion for investing and an innate curiosity about the workings of companies and business in general. The average financial market experience of PIM's investment team is 10.5 years.
Investment management style and strategy
PIM are long-term, bottom-up investors who believe that the equity market, especially in small to mid cap companies, is inefficient enough to provide excellent investment opportunities.
PIM favour what they consider to be well-managed, good value companies that have significant opportunities for growth. Those companies should be well positioned in their industry, and that industry should have good or positively trending economic fundamentals. A good business requires both good products and good execution. In assessing the quality of the management in the target stocks, PIM take into account the skills and experience of their people and their ability to develop and execute their business and strategies.
Paradice Investments currently has mandates for Australian Super in both their Active Australasian Small Cap Fund and their Active Australasian Mid Cap Fund.
The views expressed in this article are those of the investment manager as at the date of update, and do not necessarily reflect those of the AustralianSuper Trustee. The article is provided as general information and should not be considered as advice.
VBA Price at posting:
37.0¢ Sentiment: Buy Disclosure: Held
