Sigma Healthcare Ltd.

Paradice is an active, medium- to long-term manager which employs a bottom-up approach including qualitative and quantitative analyses to invest in small, mid, large and global equities. They invest globally but have a focus on Australia.The firm aims to buy shares which they believe are underpriced and expect to grow at rates greater than the market, favoring well-managed, good value companies that have significant growth opportunities due to competetive advantage.Paradice's company visitation program utilizes proven valuation techniques and models including Price to Earnings, yield, free cashflow, discounted cashflow, EBIT, sales margin, revenue and profit growth half by half, enterprise valuation multiple, interest coverage, return on assets, return on equity and return on incremental capital employed.In addition, they assess potential companies' financial statements, the industry in which they operate, their market position, comparative advantage, business strategy, operating systems, the quality of their Board and management and whether the key drivers of the business are sustainable.

Allan Gray Australia is a contrarian, value-oriented investment manager with a long-term investment horizon. They focus on companies whose share price is significantly lower than their underlying value as determined by fundamentals such as competitive position, return on capital and sensible management.The firm constructs portfolios concentrated in the shares of companies whose prospects are currently most underestimated by investors. They evaluate investee companies long-term value, such as management quality, key financial ratios, their balance sheet and the company's business focus and prospects.

Vinva is an active, quantitatively driven manager which aims to deliver consistent investment outperformance by extracting alpha in a clear and intentional manner. They focus on Australian equity strategies in both long/only and long/short styles. They have no significant sector or style bias, seeking consistency in returns and close to top-quartile active performance over longer periods and market cycles with a strong emphasis on risk management.The firm’s investment philosophy, “Skill, Breadth and Efficiency” is expressed by Grinold's Fundamental Law of Active Management, where they seek to find an investment edge (skill), use it often (breadth) and use it wisely (efficiency).Their systematic investment process involves daily electronic capture of raw data from numerous sources which they process using their proprietary tools and models, which examine a number of families of quantitative signals (value, quality, market-driven) to create a diversified group of investment insights across time horizon and ideas and is primarily focused on bottom-up stock selection. As a result, they do not take large industry or style tilts over time.Vinva constructs portfolios by integrating stock-ranking models, transaction cost forecasts and risk models in a systematic proprietary optimization process that seeks to maximize expected alpha (after costs) for a given level of active risk. To maximize breadth, they build their portfolio by taking a large number of small, deliberate, active positions across the universe of stocks.