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| Fund Overview | The Fund will invest in securities where Avenir believes the company is simply mis-priced and deeply undervalued and offers significant potential for revaluation. The Fund will also invest in companies that are subject to specific corporate events such as mergers, acquisitions, restructurings, recapitalisations, spin-offs, demergers, management change, distressed situations, and other sharply delineated corporate events. The Fund will also selectively invest in short positions in companies where Avenir believes the company is significantly overvalued or where the company's business model is broken or structurally challenged. |
| Manager Comments | Since inception (August 2011) the Fund's annualised return is 20.57% (ASX 200 Accum 13.34%). The Fund's Sharpe and Sortino ratio are sound at 1.44 (0.84) and 2.50 (1.21) respectively with 76% (70%) positive months. The Fund's largest geographic allocations are US 33%, cash 25% and other 20%. The top ten holdings are 56% of NAV. The Fund publishes a monthly report which is available on the AFM website under the Fund's profile. |
| More Information | » View detailed profile of this fund |
