August 3, 2026

Market Flash

Dissent Within the Fed Stock indices fell and yields on medium- and long-term Treasury bonds spiked following the Fed’s meeting and the press conference held by its chairman, Kevin Warsh. Although the Fed kept its rate unchanged at the current range of 3.50%–3.75%, three members voted...
July 28, 2026

AV Total Return Fund

AV Total Return is an open-ended fixed income fund designed to seek attractive current returns and long-term capital growth, while maintaining a high level of diversification and liquidity. capital growth over the long term, while maintaining a high level of diversification and liquidity. The fund invests primarily in a diversified portfolio of Latin American dollar-denominated bonds, which it complements with small equity diversified portfolio of U.S. dollar-denominated Latin American bonds, which is complemented by small equity investments and cash reserves. This portfolio is actively managed actively managed for exposure to high-yielding investments with appreciation potential, adjusting its composition to market conditions. to market conditions. The fund has a variable dividend policy that currently aims to distribute 7% annually, paid out aims to distribute 7% per annum, paid quarterly...
July 27, 2026

Daily commentary

This escalation of tensions between the U.S. and Iran led to a nearly 9% plunge in crude oil prices, with WTI closing at $81.94 and Brent at $87.81, triggering a bull flattening of global interest rates, with long-term yields falling more than short-term yields, compressing the yield curve’s slope, with declines of up to 4 bps in Europe and 3 bps at the long end of the...
July 27, 2026

Market Flash

Oil and Yields Are Pushing Prices Higher A new escalation in the conflict between the U.S. and Iran once again drove up crude oil prices: WTI briefly surpassed $92 during the week, returning to the highs seen in early June and reversing much of the gains made following the April ceasefire and the June MoU...
July 26, 2026

AV Balanced Series 509

We are an international financial services firm with over thirty years of experience in the capital markets. We offer wealth management services for high net worth individuals by structuring discretionary investment portfolios. Our investment philosophy is to preserve and enhance our clients' purchasing power without exposing their assets to unnecessary risk. Investing with a long-term horizon results in lower fees, transaction costs and taxes. We believe in the power and inevitability of change, and recognize the cyclicality and volatility of the economy and capital markets. As a result, our investment process is proactive and responsive with different policies and strategies to achieve superior returns over the long term...
July 25, 2026

AV Alternative Fund

Diversified open-end private credit fund with loans in the U.S. and Latin America. Loans are collateralized with different types of collateral, optimizing return and minimizing risk. Low correlation with financial markets, represents an interesting diversification in an investment portfolio. Semi-annual distributions (optional) of 11% annualized, US residents and citizens (W9) are NOT eligible to participate.
July 21, 2026

Daily commentary

A positive session for global equities amid a sharp rally in semiconductors and memory companies, leading to a 1.3% gain in the Nasdaq and a 0.9% gain in the S&P 500, following gains in Asia and, to a lesser extent, in Europe. In commodities, crude oil continues to rise, closing 2% above the price...
July 20, 2026

Daily commentary

Global yields rose at the start of the week, led by U.K. gilts, which rose as much as 9 basis points following the confirmation of the new cabinet, followed by Treasuries, which rose as much as 5 basis points amid a new surge in oil prices, with WTI closing at $84 and Brent at $90—the highest level in five weeks...