Asset Value Investors launches open-ended offering of £1.3bn AVI Global trust

Managed by Joe Bauernfreund

Asset Value Investors has launched the UCITS version of its £1.3bn AVI Global trust to open the strategy to a wider range of investors.

The AVI Global Special Situations fund follows the existing strategy, which aims to use a bottom-up, research-driven approach to engage with companies to provide value and drive returns. AVI CEO and CIO Joe Bauernfreund, who manages the AVI Global Trust, will also manage the Dublin-domiciled fund along with a research team of 12. Quintet and BlackRock partner for multi-manager US equity launch The fund will be benchmarked against the MSCI AC World index and charge a management fee of 0.75% Bauernfreund said: "We are seeing attractive opportunities in all parts of the equity mark...