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.
British Empire Securities and General Trust p.l.c is referred to as ‘British Empire’ throughout the website. British Empire’s investment managers, Asset Value Investors are referred to as ‘AVI’