Avenir Capital, an award-winning Australian boutique fund manager, has launched a retail class of its flagship concentrated global equities fund. The Avenir Global Fund (the Fund), is now available through Fidante Partners making the strategy accessible to retail investors.
In the five years to 30 June 2017, the Avenir Global Fund – Class I has returned over 21 per cent per annum before fees, ranking comfortably in the top quartile of global, long-only equity managers available to Australian investors1.
Avenir seeks superior long-term (three-five year) performance by building a concentrated portfolio of 15-30 undervalued global equity securities. Avenir’s high conviction, research-focused investment process places strong emphasis on capital preservation and investing in quality companies that it seeks to buy at a significant discount to intrinsic value.
Avenir Capital joined forces with Fidante Partners in February 2017. Fidante Partners is part of the Challenger Group, and forms long-term alliances with talented investment teams to create, support and grow specialist asset management businesses.
Avenir Chief Investment Officer, Adrian Warner says the launch of the Avenir Global Fund to retail investors was a major step in Avenir’s plans to deliver superior returns to a wider group of investors.
“Our investment philosophy and process is underpinned by our goal to materially outperform the major indices over the long-term.
“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,” says Warner.