Theodore, who previously led research coverage of the gaming, engineering and contractors stocks at UBS, will launch a new product and build up his own team.
and Madeleine Beaumont. However, BlackRock restructured its Australian equities business in January after a consultant’s review, closing its High Conviction Long Short Fund and High Conviction Australian Future Companies Fund. Pendal Group is managing the remaining funds.
Paradice, established by David Paradice in 1999, sold a half stake to Charter Hall in December 2021. At the time, it managed some $18.2 billion. The second earn-out period is scheduled for June 2024, and sources say this will be the real test to see whether the original investment staff stays put. The payment was split between a 70 per cent in scrip and 30 per cent cash. The scrip portion is escrowed in two equal tranches until June 30, 2023 and 2024, while the cash portion will help pay tax liabilities.Charter Hall’s share price has fallen 30 per cent in the past year and last traded at $11.10.
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