Avenir Global Fund
About the Fund
The Fund has a concentrated portfolio which allows Avenir’s best ideas to drive performance. The Fund’s turnover is relatively low as we exercise discipline and patience in identifying and selecting investments. The Fund may hold up to 30% of its net assets in cash which enables Avenir to reduce risk of capital loss and offers significant flexibility to patiently invest in our highest conviction ideas. Avenir seeks to invest with a long-term time horizon, as we believe, given time, the underlying value of a well-chosen business will always prevail over short-term mispricing that may occur in a company’s securities.
Avenir seeks superior long-term performance by building a concentrated portfolio of what we believe to be undervalued equity securities. Our high-conviction, research focussed investment process places strong emphasis on capital preservation, and identifies and exploits market inefficiencies to identify what we believe are the most attractive investment opportunities.