Product

Azvalor ULTRA, FIL

A hedge fund with a greater focus on its portfolio securities

Azvalor ULTRA, FIL is a specialized hedge fund that is closely connected to its managers, Álvaro Guzmán de Lázaro Mateos and Fernado Bernad Marrasé.

 

The fund’s management objective is to obtain a satisfactory return sustained over time by following a value investing philosophy, selecting assets that are undervalued by the market with a high upside potential.

 

At least 75% of total exposure will be invested in equities of any market capitalization and sector, mostly from European issuers/markets, but also from other OECD countries, and up to 25% of total exposure may be invested in companies/markets from emerging countries (geographical and/or sectoral concentration may occur).

 

The  fund may have up to 30% of total exposure in a single company, always investing in a minimum of 5 securities. In any case, the principles of liquidity, transparency and risk diversification will be met.

 

Azvalor ULTRA, FIL requires a minimum lock-up period of one year. During the second and third year, the redemption fee, in any, will be 5%.

Managers
Álvaro Guzmán de Lázaro CEO and Co-director of Investment
Fernando Bernad, CFA Co-director of Investment
Files and downloads
Performance

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Since inception to 17/09/2019

0 €

Net asset value

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Day change

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YTD

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2018

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2017

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2016

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Since inception

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1 month

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3 months

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6 months

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1 Year
Fact sheet
Isin

ES0112603008

Fund category

Free investment fund. International equity.

Minimum subscription

200.000€ (10.000€ for subsequent subscriptions)

Custodian

BNP PARIBAS SECURITIES SERVICES, Branch in Spain

Management fee

1.25% of management fee and 20% for annual returns exceeding 4%. Watermark: yes.

Benchmark. Evolution of 100€ invested
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MSCI Europe Total Return Net