Ausbil Dexia Limited
About Ausbil Dexia Limited
Ausbil Dexia Limited (Ausbil Dexia) is an Australian equities specialist with approximately $9 billion in funds under management. Established in April 1997, Ausbil Dexia’s core business is the management of Australian equities and emerging leader investment portfolios for major superannuation funds, institutional investors and master trust clients.
During the past 10 years Ausbil Dexia has been one of Australia's highest performing equity specialist boutique managers and has demonstrated an impressive consistency in delivering superior returns through its style neutral process.
Funds managed
- Australian Shares Multi-Blend Fund (with other managers)
Key personnel
Paul Xiradis, Chief Executive Officer and Head of Equities
Paul Xiradis has a 30 year career in investment management covering experience in all investment disciplines. His formative investment years were spent in Westpac's Investment Management Division where his responsibilities included the management of both superannuation and non-superannuation retail investment trusts. Paul progressed to become Senior Portfolio Manager for Delfin and Investment Manager for the Mercantile & General Reinsurance Group in Australia in 1989. Paul joined Legal & General Asset Management in 1994 as Director of Australian Equities where he continued his sound track record in equity management. In late 1995 BZW Investment Management approached Paul to accept an equity management position as Associate Director-Equities, a position he held until his departure in 1997.
John Grace, Director, Equities
John has over 24 years of experience in investment management and research. His initial grounding in equity analysis came through positions with stockbroking firms McNall & Hordern in Sydney and Cazenove & Co in London from 1987 through to 1991. Whilst in the United Kingdom, John became Portfolio Manager for Royal Insurance Asset Management for the period 1991 until 1994 responsible for Pacific Basin asset allocation and stock selection for funds totalling over $1 billion. Back in Australia after five years in London, John joined Legal & General Asset Management as Senior Portfolio Manager from 1994 until 1998, where he first came under the investment process established by Paul Xiradis.
Why Advance selected Ausbil Dexia
The basic premise of Ausbil Dexia’s philosophy is that stock prices ultimately follow earnings and earnings revisions. It believes the market places excessive emphasis on the current situation and does not sufficiently take into account the likelihood of future changes to the earnings profile of individual companies and sectors.
Ausbil Dexia's process incorporates macro and sector analysis, which drives factor tilts in the portfolio. The bottom-up process seeks to identify earnings and earning revisions at an early stage, and therefore pre-empt stock price movements.
