Anavon International Equity Fund

The Anavon International Equity Fund is a concentrated long only equity fund that invests primarily in securities of businesses listed or with substantial operations outside the USA. The Fund’s objective is to achieve superior absolute and risk-adjusted returns over the long term relative to the ex-USA average. Anavon employs deep fundamental research to seek out individual opportunities where the share price of a high quality business is highly dislocated from intrinsic value offering an asymmetric risk-reward equation driven by idiosyncratic factors. The strategy is biased towards analysable sectors with a focus on liquid, large and mid-cap stocks.