Avaron is an independent management-owned asset manager with a clear focus on Emerging Europe listed equities. We manage the assets of institutional investors and private clients. Avaron employs value-oriented investment style with emphasis on providing its clients the best risk-return relationship at any point of time. Our value-added lies in proprietary bottom-up research and local presence that enables us to identify attractive investment opportunities. We are all-cap investors but have over 10 years' experience in investing in regional small and mid-cap companies. Avaron is supervised by the Estonian Financial Supervision Authority.