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.
