Boutique investment manager continues retail trend

A Sydney-based boutique investment manager is joining the shift towards an increasingly sophisticated retail market, launching a retail class of its flagship concentrated global equities fund.

Avenir Capital will make the Avenir Global Fund accessible to retail investors through its association with Fidante Partners.

Avenir chief investment officer Adrian Warner said the launch of the 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," 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."

In the five years to 30 June 2017, the Avenir Global Fund - Class I returned more than 21% per annum before fees.

Avenir joined forces with Fidante Partners, Challenger's funds management arm, in February 2017 to work alongside the multi-boutique asset manager's domestic and international distribution channels.

As previously discussed in Financial Standard, Avenir's announcement is part of a broader shift for boutique managers in Australia, who are taking advantage of an increasingly sophisticated retail market to diversify their client bases.

Along with Avenir, Channel Capital has introduced a retail vehicle for the L1 Capital Long Short Fund, and former K2 Advisors managing director Samuel Mann established a firm in partnership with Ironbark Asset Management designed to capture growing retail interest in alternatives products.

Cooper Investments also flagged its intention to open its doors to the retail market earlier this month, introducing the Cooper Investors Global Equities Fund (Hedged) and Cooper Investors Global Equities Fund (Unhedged) to the HUB24 and Powerwrap platforms.

Read more: Avenir Global FundFidante PartnersAdrian WarnerAustraliaAvenir CapitalChallengerFinancial Standard
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