Avenir’s fund opens to retail investors
Australian boutique fund manager, Avenir Capital has launched a retail class of its concentrated global equities fund, the Avenir Global Fund.
The company said the fund would be available through Fidante Partners, making the strategy accessible to retail investors.
Avenir also said it would seek long-term, three to five years, performance by building a concentrated portfolio of 15 to 30 undervalued global equity securities, with an emphasis on capital preservation and investments in quality companies.
Avenir’s chief investment officer, Adrian Warner, said: “We invest with a longer time horizon than many other investment managers as we believe that, 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.
“This ‘time arbitrage’ is one of the most important weapons in our armoury,” he said.
Fidante Partners, which is a part of the Challenger Group, and Avenir Capital established a long-term alliance in February 2017, with an aim to support and grow their specialist asset management businesses.
According to the company, in the five years to 20 June 2017 the Avenir Global Fund – Class I returned over 21 per cent per annum before fees, ranking in the top quartile of global, long-only equity managers available to Australian investors.
AUTHOR
Oksana Patron
Recommended for you
Index provider MSCI has unveiled two measures to make it easier for financial advisers and wealth managers to access transparent insights into private assets.
Vanguard has announced a strategic alliance with two US alternative asset managers to develop multi-asset solutions for financial advisers which combine public and private markets.
Clime Investment Management has enacted a range of growth initiatives to boost the firm’s reach with wholesale investors and a new approach targeting the retail market.
Generation Development Group, parent of Generation Life, has entered the ASX 200, having grown its funds under management to almost $4 billion.
