AVI Global Trust (AGT)’s NAV fell by -3.4% in August, driven primarily by underlying NAV declines. Currencies were mixed over the month, but a marginal net positive. Major contributors included Third Point Offshore Investors, Pershing Square Holdings, Kinnevik and Fondul Proprietatea. Major detractors included the Japan Special Situations Basket, Swire Pacific ‘B’, Riverstone Energy and Jardine Strategic.
AVI Global Trust p.l.c is referred to as ‘AVI Global’ throughout the website. AVI Global’s investment managers, Asset Value Investors are referred to as ‘AVI’