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Asset Value Investors (“AVI”) is a boutique investment manager that is based in London

and is majority-owned by its employees. Goodhart is a minority shareholder.

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AVI has a unique focus on investing in asset-backed companies, and an exceptional 37-year track record of attractive absolute returns having consistently applied this approach for nearly 4 decades. The investment process is value-oriented and event-driven, with a willingness to be activist.

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AVI manage three capacity-constrained strategies, with some remaining capacity available in each.

In addition to the vehicles below, AVI manage segregated accounts across the three strategies.

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GLOBAL EQUITY

    Established in 1889, the objective of the AVI Global Trust ("AGT") is to achieve capital growth through a focused portfolio of investments, particularly in companies whose shares stand at a discount to estimated underlying net asset value. The Company has followed AVI’s distinct investment style since 1985 to achieve superior long term returns.

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JAPAN EQUITY

   The AVI Japan Opportunity Trust (“AJOT” or “the Company”) invests in a concentrated portfolio of small-cap Japanese equities that are significantly overcapitalised. Asset Value Investors will leverage its three decades of experience investing in asset-backed companies to engage with company management and help to unlock value in this under-researched area of the market.

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FAMILY-BACKED EQUITY

   The AVI Family Holding Companies Fund (the “Fund”) is an Irish Qualifying Investor Alternative Investment Fund (QIAIF) that deals on a monthly basis. The Fund invests globally in under-researched listed family-backed holding companies, unlocking value from discounts to NAV and inefficiencies in holding company structures.

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