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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 notable Sharpe and Sortino ratios are 1.04 and 1.77 respectively since inception in August 2011. At month-end, the Fund's geographical disposition was 46.1% US, 13.7% Asia, 12.9% Western Europe, 1% Australia, 11.4% other and 15.4% cash. The top 10 holdings were 62% of NAV. Click below to read the April 2015 Fund Report |
| More Information |
