<p>Joe Bauernfreund and value investing are nearly synonymous. The veteran manager runs the AVI Global Trust and AVI Japan Opportunity Trust, and has responsibility for all AVI’s investment decisions as the CEO and CIO. His £1bn global stocks fund scours the world for the best companies but whose shares stand at a discount to the value of their underlying assets.</p><br><p>In this podcast, funds editor Dave Baxter and Bauernfreund unpack his extreme value investment process, how Japanese valuations have changed, how to avoid value traps and more.&nbsp;</p><br><p>This episode was recorded on 27 March. </p><br><p><strong>Timestamps</strong></p><p>1:02 The investment process of the fund</p><p>2:34 Activist investing</p><p>4:27 Hipgnosis (HSF)</p><p>5:23 Baunerfreund’s take on investment trusts</p><p>7:07 Recovery in the trust space</p><p>11:00 The resilience of certain sectors</p><p>12:38 Private Equity&nbsp;</p><p>16:58 The era of higher rates&nbsp;</p><p>18:32 The Japanese market</p><p>21:04 Competition in the space</p><p>22:32 Interesting sectors or themes in Japan</p><p>23:33 Other nations the fund is gravitated towards</p><p>25:28 Emerging markets&nbsp;</p><p>27:26 The reasons to exit a position and selling Pershing Square&nbsp;&nbsp;</p><br /><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

Investors' Chronicle

Investors' Chronicle

‘It’s exciting in the investment trust sphere': Joe Bauernfreund of AVI

APR 9, 202431 MIN
Investors' Chronicle

‘It’s exciting in the investment trust sphere': Joe Bauernfreund of AVI

APR 9, 202431 MIN

Description

<p>Joe Bauernfreund and value investing are nearly synonymous. The veteran manager runs the AVI Global Trust and AVI Japan Opportunity Trust, and has responsibility for all AVI’s investment decisions as the CEO and CIO. His £1bn global stocks fund scours the world for the best companies but whose shares stand at a discount to the value of their underlying assets.</p><br><p>In this podcast, funds editor Dave Baxter and Bauernfreund unpack his extreme value investment process, how Japanese valuations have changed, how to avoid value traps and more.&nbsp;</p><br><p>This episode was recorded on 27 March. </p><br><p><strong>Timestamps</strong></p><p>1:02 The investment process of the fund</p><p>2:34 Activist investing</p><p>4:27 Hipgnosis (HSF)</p><p>5:23 Baunerfreund’s take on investment trusts</p><p>7:07 Recovery in the trust space</p><p>11:00 The resilience of certain sectors</p><p>12:38 Private Equity&nbsp;</p><p>16:58 The era of higher rates&nbsp;</p><p>18:32 The Japanese market</p><p>21:04 Competition in the space</p><p>22:32 Interesting sectors or themes in Japan</p><p>23:33 Other nations the fund is gravitated towards</p><p>25:28 Emerging markets&nbsp;</p><p>27:26 The reasons to exit a position and selling Pershing Square&nbsp;&nbsp;</p><br /><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>