Letters to investors

Dear co-investor: The fund has returned +3.73% since the end of the first quarter of 2021, delivering a +29.95% return year to date and +14.57% sin...

Dear co-investor: Our International, Blue Chips and Azvalor Managers funds performed well in 2Q21 (up 12%, 6% and 10%, respectively), making it the...

Dear co-investor, Azvalor Managers returned +24.6% in the first quarter of 2021. From the trough in March 2020 (when NAV fell as much as 50%) to qu...

Dear co-investor: First and foremost, we sincerely hope that you and your families are well. After some difficult months for all of us, there is ev...

Dear co-investor, On this fund, each Manager tries to avoid the constant headline noise, focusing efforts on investing in companies they know in gr...

Dear co-investor: Our International, Iberian and Blue Chips funds continued to have a positive performance through the fourth quarter (+24%, +21% a...

Dear co-investor: During this last quarter, the Azvalor Internacional and Azvalor Blue Chips funds have consolidated their strong performance recor...

Dear co-investor: At the end of the second quarter, our funds have recovered much lost ground from the lows hit this year (+41% in Azvalor Internac...

Dear co-investor, First of all, I sincerely hope that you and your relatives have handled the situation of these last few months as best you could....

Dear investor, The tables below show our funds’ performance in the first quarter of 2020.The individual return of each investor depends on the net ...

Dear co-investor, Firstly, I sincerely hope that you, your relatives and friends are coping with the challenging situation we are going through in ...

Dear Investor, In 2019, Azvalor International and Azvalor Iberia produced 5.5% and 1.9% returns, performing under their respective indexes. Althoug...