“The relationship between price and value holds the ultimate key to investment success.”
Aventine Canadian Equity (“ACE”) seeks long term capital growth through an active, value plus catalyst investment strategy. The Fund invests in a concentrated portfolio of Canadian value companies whose average market capitalization is typically in excess of $2.5 billion.
ACE follows a multidisciplinary “Active Value” investment approach which seeks to invest in undervalued, catalyst-rich companies that are in the midst of positive fundamental change and experiencing an increase in market support. The Fund will primarily own long positions in Canadian companies but it may also invest up to 10% of its capital in the shares of foreign issuers and hold short positions up to 20% of the Fund’s capital. The Fund also uses options and cash management to reduce volatility and manage downside risk.
This strategy is ideally suited for investors seeking Canadian equity exposure that is unconstrained by the sector weights of the broader Canadian index, and who are willing to accept moderate volatility. The ACE Fund is focused on absolute returns and utilizes various techniques such as short selling and options to limit downside exposure to declining markets. This strategy is an excellent complement for investors who hold substantial exposure to large cap stocks or broad market index ETFs in Canada.
Launched on March 31, 2014, the Aventine Canadian Equity Fund is co-managed by Jim Pottow and James Telfser. Since inception the Fund has consistently been ranked by Morningstar and Globefund as one of the top performing funds in the Canadian equity category.
The below information is current as of January 31, 2018.