Paradice’s key to unlocking small caps

David Paradice, founder of Paradice Investment Management, details the evolution of his firm from a small-cap specialist into a global investment business managing $16.5 billion. Success stems from a relentless focus on fundamental, stock-by-stock analysis and a culture of accountability that prioritizes performance over marketing. Paradice emphasizes the necessity of delegating responsibilities to talented teams, allowing him to maintain focus while scaling operations. Despite the rise of passive investing and AI-driven market analysis, he maintains that deep, human-led research into business operations remains a critical edge. His career trajectory, marked by an extreme work ethic and a unique network of industry peers, highlights the importance of adaptability in a shifting financial landscape where fee pressures and index-tracking strategies dominate.