NEW YORK–(BUSINESS WIRE)–Aperture Investors, a disruptive asset manager focused on identifying portfolio managers who can consistently beat their benchmarks, today announced the availability of the Aperture International Equity Fund (ticker: AFORX). The Fund typically represents a concentrated portfolio of long positions in ex-US mid-and large-cap stocks, and is focused on identifying premier international growth companies. The Fund was seeded by Generali with $270 million, and as of October 1, 2020 is available to investors in the United States. It is anticipated that the Fund will have a total capacity of approximately $5 billion.
The Fund is managed by Portfolio Manager Bill Kornitzer, who brings nearly three decades of professional investment experience in both global and domestic markets. Bill is joined by Associate Portfolio Manager Param Roychoudhury, who has over three decades of experience in international equities. Prior to joining Aperture Investors, Kornitzer worked at Kornitzer Capital Management where he was responsible for managing the Buffalo International Fund since its inception in 2007.
A core tenet of the Fund’s investment philosophy is the belief that international equity markets will begin to outperform U.S. markets due to a variety of factors, including Eurozone GDP growth, accommodative global market credit cycles and monetary policy, and relatively cheaper valuations for international stocks. Kornitzer believes that these indicators, along with continued innovation across global sectors, create unique stock picking opportunities for undervalued companies ripe for disruption.
The Fund’s commitment to a concentrated portfolio of long positions is one of the factors that differentiates it from many others in the US Foreign Blend category. Kornitzer and his team believe that concentration enables a stricter adherence to a consistent valuation discipline, as well as the ability to continuously monitor the portfolio for signs of deteriorating fundamentals or thesis devolution.
“At Aperture, we place tremendous emphasis on the abilities of our portfolio managers. Prevailing models need asset growth to make money – we’re only interested in a manager’s ability to consistently beat his or her benchmarks. Bill Kornitzer’s 28 years of professional investment experience is impressive, but it’s his success and confidence that made him an ideal manager for Aperture,” said Peter Kraus, Chairman and CEO, Aperture Investors. “Over the past 13 years managing the Buffalo International Fund, Bill developed a unique framework and process that identifies trends and innovations as indicators for growth. We believe that within Aperture’s unique fee and compensation model Bill’s success will only grow.”
About Aperture Investors
Aperture is reestablishing trust in the asset management industry by aligning client interests with its own. Aperture’s mission is outperformance. The firm’s strategies charge fees competitive with passive ETFs in the same categories, when performance is at or below stated benchmarks. When and only when returns are generated in excess of benchmarks does Aperture charge a performance-linked fee. Aperture investment teams are also compensated primarily on outperformance rather than assets under management. Led by industry veteran Peter Kraus in partnership with Generali, one of the world’s largest insurers, Aperture’s mission is embedded in its fee and compensation structures, as well as in the ways it openly engages with the investing community online. To learn more about Aperture, its managers, and its innovative structure, visit us at www.apertureinvestors.com.
The Aperture International Equity Fund is distributed by SEI Investments Distribution Co. (SIDCO). SIDCO is not affiliated with Aperture Investors, LLC.
To determine if the Fund is an appropriate investment for you, carefully consider the Fund’s investment objectives, risk, and charges and expenses. This and other information can be found in the fund (full and summary) prospectus, which can be obtained by calling 888-514-7557 or by visiting www.apertureinvestors.com. Please read the prospectus carefully before investing.
Investing involves risk, including possible loss of principal. There is no guarantee the Fund will achieve its investment objectives. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, or from social, economic, or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Investing in smaller companies typically exhibit higher volatility. With short sales, you risk paying more for a security than you received from its sale. Short sale losses are potentially unlimited, and the expenses involved with the shorting strategy may negatively impact the performance of the Fund. The Fund may invest in derivatives, which are often more volatile than other investments and may magnify the Fund’s gains or losses. The Fund is non-diversified.
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