AVI Global Trust (AGT)’s NAV rose by +1.1% in September, driven by a combination of underlying NAV increases and discount narrowing. Currencies detracted modestly from returns. For the financial year (AGT’s year ends in September), NAV rose by +2.1%. Major contributors in September include the Japan Special Situations Basket, Third Point Offshore Investors, and Pershing Square Holdings. Detractors include Riverstone Energy, Jardine Strategic, and Oakley Capital.
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’