AVI Global Trust (AGT)’s NAV returned +4.4% in October. Key contributors were KKR, Apollo, Pershing Square Holdings, and EXOR. Fondul Proprietatea, and to a lesser extent Nintendo and FEMSA, detracted from returns. The portfolio weighted average discount narrowed 170bps over the month to 27.5%.
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’