AVI Global Trust (ticker: AGT) was founded in 1889 and until a few years ago was known as British Empire. It has been managed by Asset Value Investors (AVI) since the mid-1980s during which time its net assets have climbed from £6m to around £1bn producing an impressive annualised return of just shy of 12%. It looks to buy quality companies and assets through structures that are trading at a discount via a concentrated portfolio of closed-ended funds, European/Asian family-run holding companies, and mostly Japanese asset-rich special situations. AVI Global often engages with its investments, a...