The fund is managed by Tom Treanor (Co-Fund Manager since 2011 and Head of Research) and Charlotte Cuthbertson (joined July 2023). This represents a recent management transition with the stepping down of Nick Greenwood and appointment of Tom Treanor as co-manager, alongside Charlotte Cuthbertson, with a shift to a more concentrated, activist, and event-driven investment approach. Asset Value Investors was established in 1985 to take over the management of one of the oldest listed investment companies in London.

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The WS AVI Worldwide Opportunities Fund (AWO) invests in event-driven opportunities in closed-end funds with clear catalysts for discount narrowing, supported by engagement and activism. The fund invests primarily in a diversified portfolio of investment companies including closed-end funds, investment trusts, and real estate investment trusts (REITs), as well as collective investment schemes across multiple asset classes. AVI aims to buy companies trading at a discount to NAV, are benchmark agnostic, and look for catalysts to narrow the discount. The fund is actively managed without reference to a benchmark with full discretion. The expectation is likely underperformance in strong equity markets and outperformance in sideways and down markets, aiming to achieve outperformance over a cycle with low correlation.

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