Separately Managed Accounts

Growth Portfolio

Established in 2020, the Growth Portfolio focuses on capital appreciation through equities and growth-oriented assets. The portfolio employs a global approach, investing across developed and emerging markets based on our macro cycle analysis and technical indicators. Asset allocation dynamically adjusts between growth and defensive positions based on market conditions and our economic cycle framework.

Since inception, this portfolio has outperformed relevant Morningstar benchmarks consistently across 1, 3, and 5-year timeframes. The portfolio particularly focuses on identifying market inflection points and major cycle transitions, areas where Antipodean's macro research has demonstrated consistent forecasting capability.

Income Portfolio

The Income Portfolio emphasises yield generation and steady income streams through a diversified approach to income-producing assets. The portfolio combines traditional fixed income securities, dividend-paying equities, hybrid securities, and alternative income sources. Asset selection is driven by our assessment of credit cycles, interest rate dynamics, and relative value across income sectors.

Portfolio construction balances yield enhancement with capital preservation, employing duration management and credit quality assessment based on our macro framework.

Infrastructure and Property

The Infrastructure and Property Portfolio provides exposure to real asset investments through listed securities. The portfolio invests in infrastructure companies, REITs, utilities, and property developers across global markets. Selection criteria include asset quality, regulatory frameworks, demographic trends, and our assessment of real asset cycles.

This portfolio serves as a portfolio diversifier and inflation hedge, with lower correlation to traditional equity and bond markets. Infrastructure and property allocations are weighted based on regional economic dynamics and sector-specific opportunities identified through our research.

Portfolio Management Process

All SMAs operate within Antipodean's systematic investment framework, which combines top-down macro analysis with bottom-up security selection. Daily monitoring incorporates our proprietary indicators including economic cycle positioning, growth versus defensive asset scorecards, and technical timing models. Portfolios are rebalanced based on signal changes and risk management parameters.

Trade execution is handled professionally to optimise entry and exit points, with consideration for market liquidity, tax implications, and transaction costs. Clients maintain full transparency through direct ownership of securities and regular reporting on portfolio positioning and performance.

Fee Structure

The SMAs operate without traditional management fees as a benefit of the Antipodean client relationship. A performance fee applies only when portfolios exceed relevant benchmarks. Platform costs are minimal. This structure ensures complete alignment between Antipodean and client outcomes, with fees earned only through outperformance.

Get Started Today

These investment opportunities are available exclusively to clients of Antipodean Capital's research and advisory services. For information about our advisory services, please contact Antipodean Capital directly.