Media Release: Avenir Capital expands team with new fund class launch

Avenir Capital, an award-winning Australian boutique fund manager, has strengthened its global investment team as it introduces a new class of its successful, high-conviction global equities fund.

Following the launch of the value-oriented Avenir Global Fund for retail investors last week, Chief Investment Officer Adrian Warner announced Patricia Queipo de Llano Campomanes had joined the firm as an Investment Associate.

Recently based in Spain, Patricia has six years of European and global financial markets experience, a strong academic background, fluency in three languages and has been a captain of the Spanish national women’s golf team, with a current handicap of one.

Prior to joining Avenir, she spent three years as a Credit Investment Analyst with Spanish asset management and credit fund Arcano, investing in both leveraged loans and high yield bonds of European and US private equity backed firms, and covering a range of sectors, including automotive, healthcare and construction. Before this, she worked for PwC as a member of its Spanish corporate finance and debt advisory team, as a member of BNP Paribas’ corporate and investment banking team and for Banco Santander’s global banking and markets team.

Patricia holds a Bachelor of Bilingual Business Administration from the Colegio Universitario de Estudios Financieros (CUNEF) in Madrid, Spain.

Mr Warner said he was delighted that an analyst with Patricia’s experience and world-view had joined the Avenir investment team. “Having Patricia working with the team to generate investment ideas and market insights will help us to build on our six-year track record of high performance and take the next step in our growth with the launch of the new retail fund class” he said.

Avenir Capital focuses on building a concentrated portfolio of undervalued equity securities sourced from around the world and Australia.

In the five years to 30 June 2017, the Avenir Global Fund – Class I has returned over 21% per annum before fees, ranking comfortably in the top quartile of global, long-only equity managers available to Australian investors*.

* June 2017 Mercer Surveys (Gross Quartile Ranking) – Overseas Shares (Australian Investors) (Long Only) Sub-universe. The net performance of the Avenir Global Fund – Class I for the same period was 15.88%, based on the existing performance fee-only fee structure with no base management fees for the Avenir Global Fund – Class I.
The Avenir Global Fund – Class I performance fee is 25.63% of the increase in net asset value subject to a High-Water Mark, provided the hurdle of 1.5% of performance over the 3 month period is met. Performance Fees are accrued monthly and payable quarterly. Net returns are calculated after fees have been deducted assuming reinvestment of distributions. The new retail unit class will have a base management fee of 1.20% p.a. and performance fee of 15% of the Fund’s daily return (after fees and expenses and after adding back any distributions paid) above the Fund’s Performance Benchmark, being the MSCI ACWI Index (Net) in AUD.
Past performance is not an indicator of future performance.