| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| 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 1.17 and 2.05 respectively since inception in August 2011. Also notable are the Up and Down capture ratios at 0.42 and -0.26 respectively. At month-end, the Fund's geographical disposition was 47% US, 12% Asia, 13% Western Europe, 1% Australia, 11% other and 15% cash. The top 10 holdings were 58% of NAV. Review the latest Fund Report on the AFM website. |
| More Information |
