Spanish value investing boutique Azvalor has launched a hedge fund aimed at institutional and HNWI investors.
Azvalor Ultra, already registered in the Spanish National Securities Market Commission (CNMV), will invest at least 75% of its portfolio in equities of any market capitalisation and sector, mostly from European countries but also from other OECD countries.
With a minimum capital investment of €200,000, the Fund aims at «obtaining a satisfactory and sustained profitability over time, applying a value investing philosophy.»
It applies a management fee of 1.25% and a performance commission of 20% for annual returns that exceed 4%.
The hedge fund strategy replicates the investment strategy of the Azvalor Ultra sub-fund, an investment vehicle managed in Luxembourg since 2017.
“Podemos encontrar pequeñas joyas de inversión que están cotizando a precios más razonables” – Javier Sáenz de Cenzano, gestor de Azvalor Managers FI