Avenir Capital (Avenir) is an Australian based investment manager, specialising in value-oriented global equity investments.
Avenir is a high conviction, global investor, focussed on building a concentrated portfolio of undervalued equity securities.
Avenir’s approach is centred on fundamental, bottom-up value investing without reference to the composition of any index. Avenir’s investment strategy is underpinned by private equity investing principals, and involves intensive due diligence and deep fundamental research to identify strong companies which it believes can be bought for significantly less than their intrinsic value. Avenir concentrates the portfolio in a select number of high conviction ideas and adopts a long term investment time horizon to realise value. The investment process and risk management framework seeks to encompass what Avenir believes to be a large margin of safety in order to minimise the risk of capital loss and deliver superior absolute returns to investors.
Avenir’s investment team is led by Portfolio Manager and CIO, Adrian Warner, who demonstrates an alignment of interest and commitment to investors by investing in Avenir’s strategies.
For more information, please visit www.avenircapital.com.au
Avenir follows a classic value investing philosophy seeking superior long-term performance through the purchase of securities selling at prices materially below their estimate of intrinsic value. This process aims to limit the risk of capital loss while seeking to achieve capital appreciation and long-term compounding of value.
Avenir conduct’s fundamental, bottom-up analysis of companies and overlays that with an understanding of the psychological and human biases that can drive short-term divergence between the price of a security and the estimated intrinsic value of the underlying business.