I agree that this is a very positive indicator. That said I...

I agree that this is a very positive indicator.

That said I think the fund was sold down and now only operates around $1B last year (still not small change):

http://www.smh.com.au/business/davi...to-return-800m-to-clients-20140702-zssx3.html

As for Paradice not moving the price, looking at their acquisition dates I think they have tended to push price up a bit on days they were in the market. They look to have been a big buyer at the bottom...

If they are looking to take a 2% - 3% then it looks they are probably only half way through their acquisition phase.

And if they do look to acquire 2% - 3% that would leave them with 10% - 15% of MML!

Not sure what sort of impact such a large shareholding would have on MML liquidity if there was a surge in gold or positive earning reports.

@stevea171 how do you think paradice's substantial holding will affect other institutions' ability to buy into MML?