Aventine Asset Management Inc.

The Aventine Canadian Equity ("ACE") Fund

“The relationship between price and value holds the ultimate key to investment success.”

Strategy Overview

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.

Investment Objectives

  • Attractive returns on both an absolute and relative basis.
  • Reasonable volatility.
  • Capital preservation is our top priority.

Investment Approach

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.

Investor Suitability

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.

ACE Fund Performance

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 April 30, 2018.

Performance Highlights

  • Annualized ROI of 9.3% since inception
  • Annualized Alpha versus TSX Index: 6.1%
  • Beta versus TSX Index: 0.71
  • Correlation versus TSX Index: 0.54
  • Annualized Volatility: 10.1%

Awards & Distinctions

  • Morningstar #1 – 2015 Return, Canadian Equity Fund Category
  • Morningstar #2 – 2 Yr Return, Canadian Equity Fund (at 3/31/16)
  • Morningstar #7 – 2 Yr Sharpe Ratio, Canadian Equity Fund (at 3/31/16)
  • Morningstar #2 – 2017 Return, Canadian Equity Fund Category

ACE Fund
ACE Fund
ACE Fund
ACE Fund

ACE Fund News & Media

February 12, 2018
Shortreid: How the Market Tumble Created Buying Opportunities Shortreid: How the Market Tumble Created Buying Opportunities Shortreid: How the Market Tumble Created Buying Opportunities

Andrew Shortreid

Shortreid: How the Market Tumble Created Buying Opportunitie…

Andrew Shortreid, President and CIO of Aventine Asset Manage…

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January 18, 2018
Telfser: Big Appetite for M&A in Canada for 2018 Telfser: Big Appetite for M&A in Canada for 2018 Telfser: Big Appetite for M&A in Canada for 2018

James Telfser

Telfser: Big Appetite for M&A in Canada for 2018

James Telfser, Partner and Portfolio Manager at Aventine Ass…

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January 8, 2018
Telfser: Market Outlook Telfser: Market Outlook Telfser: Market Outlook

James Telfser

Telfser: Market Outlook

James Telfser, Partner and Portfolio Manager at Aventine Ass…

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January 8, 2018
Telfser: BNN Market Call, Past Picks Telfser: BNN Market Call, Past Picks Telfser: BNN Market Call, Past Picks

James Telfser

Telfser: BNN Market Call, Past Picks

James Telfser, Partner and Portfolio Manager at Aventine Ass…

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January 8, 2018
Telfser: BNN Market Call, Top Picks Telfser: BNN Market Call, Top Picks Telfser: BNN Market Call, Top Picks

James Telfser

Telfser: BNN Market Call, Top Picks

James Telfser, Partner and Portfolio Manager at Aventine Ass…

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October 26, 2017
Telfser: The Next Leg Higher in Canadian Equities Telfser: The Next Leg Higher in Canadian Equities Telfser: The Next Leg Higher in Canadian Equities

James Telfser

Telfser: The Next Leg Higher in Canadian Equities

James Telfser, Partner and Portfolio Manager at Aventine Ass…

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July 28, 2017
Telfser: A Winning Strategy in Canadian Equities Telfser: A Winning Strategy in Canadian Equities Telfser: A Winning Strategy in Canadian Equities

James Telfser

Telfser: A Winning Strategy in Canadian Equities

James Telfser, Partner and Portfolio Manager at Aventine Ass…

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March 29, 2017
Telfser: Energy, Tech Offering Best Opportunities in Canada Telfser: Energy, Tech Offering Best Opportunities in Canada Telfser: Energy, Tech Offering Best Opportunities in Canada

James Telfser

Telfser: Energy, Tech Offering Best Opportunities in Canada

James Telfser, Partner and Portfolio Manager at Aventine Ass…

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January 16, 2017
Telfser: U.S. Banks Under a Trump Presidency Telfser: U.S. Banks Under a Trump Presidency Telfser: U.S. Banks Under a Trump Presidency

James Telfser

Telfser: U.S. Banks Under a Trump Presidency

James Telfser, Partner and Portfolio manager at Aventine Ass…

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Archives

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January 16, 2017
Telfser: Canadian Equities Looking Favourable in 2017 Telfser: Canadian Equities Looking Favourable in 2017 Telfser: Canadian Equities Looking Favourable in 2017

James Telfser

Telfser: Canadian Equities Looking Favourable in 2017

James Telfser, Partner and Portfolio Manager at Aventine Ass…

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