Meet the Managers

Asset Value Investors (“AVI”) was established in 1985 to manage the assets of British Empire Trust plc (British Empire), then a £6 million London listed investment company.

A group of UK institutional and private US investors supported a 4 for 1 rights offering to enlarge British Empire to £30 million.

British Empire is managed by AVI’s CIO, Joe Bauernfreund.

  • Joe Bauernfreund, BSc, MSc

    As of 1 October 2015, Joe Bauernfreund is the named portfolio manager of the British Empire Trust. He joined Asset Value Investors in July 2002 as an Investment Analyst, following completion of a Masters in Finance from the London Business School. At first, Joe worked closely with John Walton in focusing on the European Holding Companies. He then covered the entire portfolio and became joint manager with John Pennink.

    Prior to joining Asset Value Investors, Joe worked six years for a real estate investment organisation in London

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