AVI Global Trust (AGT)’s NAV fell by -1.2% in January, as a tightening portfolio discount (from 32.3% to 31.8%) was more than offset by declining underlying NAVs. Contributors for the month include Fondul Proprietatea, Sony Corp, and Third Point Offshore. Detractors include the Japan Special Situations basket, Symphony International, and Aker.
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’