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Today, many companies in the public market trade at a discount to fundamental value since they underperform their potential, have complex corporate structures or are “out of favour” with the market for idiosyncratic or cyclical reasons. This negatively impacts all shareholders but very few investors are ready to do something about it.

 

Activist funds are notable exceptions. By employing a private equity-approach to public markets, they act as catalysts for positive change at companies that creates value for all shareholders – shareholder activism is the anti-thesis of passive investing.​

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While traditional activist funds generate sustainable excess returns (alpha) through corporate engagement, they also face serious constraints (e.g., "lock-ins" due to board seats/franchise considerations, lack of diversification).

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Shadow activists are unconstrained and positioned to tap into the activist alpha by investing into the most attractive campaigns at any given time. Active Value Partners pioneers this investing strategy.

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Active Value Partners AG is the investment advisor to AVP Funds SICAV Active Value Partners Opportunities Fund.

The team has 25+ years of collective experience from activist investing and traditional fund management.