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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 | The Fund's Sharpe and Sortino ratios are 1.43 and 2.50 respectively since inception in August 2011. Also notable are the Up and Down capture ratios at 0.56 and -0.3 respectively. At month-end the Fund's geographical disposition was 31% US, 14% Asia, 12% Western Europe with 2% Australia, 23% other and 18% cash. The top 10 holdings were 56% of NAV. |
| More Information | » View detailed profile of this fund |
