Avenir Capital awarded ‘Absolute Return Fund manager of the Year – Australia’, Corporate Livewire Global Awards May 2014 in the UK. This follows being named the ‘Absolute Return Fund manager of the Year – Australia’ at the International Hedge Fund Awards 2014 in January.
Adrian Warner, chief investment officer at Avenir Capital commented, ‘we were delighted when we were notified that we had won this prestigious second award. Both awards are an endorsement that great results can be achieved for investors by following a sensible, thoughtful and low risk investment programme. We do not borrow to invest and, in fact, have held over 20% of the fund in cash over the past twelve months.”
He continues that, “by being very selective and identifying low risk special situation investments in which there is a material disconnect between the underlying value and the price the market is asking us to pay, we delivered a 43% net return to investors in 2013 and have compounded our investors money at over 22% per annum since inception.’
Adrian Warner brings a private equity background to investing in international public equity markets allowing Avenir to distinguish itself from other fund managers. Avenir has a unique fee structure in which no fees are paid unless the fund delivers a 6% per annum return.
Corporate Livewire Global Awards 2014 champion the efforts of stand out businesses that are paving the way to a brighter tomorrow.
To view the winner’s list and read the supplement in full, visit: Global Awards 2014