azValor names Sáenz de Cenzano as manager for its new fund

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Madrid-based independent asset management boutique azValor has appointed Javier Sáenz de Cenzano to be responsible for the firm’s new Fund of Managers.

Sáenz de Cenzano (pictured) will be responsible for managing a fund whose portfolio is formed by global managers sharing azValor’s investment principles.

With some 18 years’ experience, Sáenz de Cenzano joins azValor from Morningstar where he worked as director of Manager Research for EMEA, responsible for managing the fund analysis team. He formerly worked as fund analyst at Russell Investments in London and also served at Allfunds Bank based in Madrid.

The new strategy azValor Fund of Managers, to be launched in the coming months, will have a portfolio formed by global managers. This portfolio will be split among the different managers, who will be free to decide in which companies invest as long as they follow azValor investment philosophy.

Álvaro Guzmán de Lázaro, azValor investment director, said: “We are dealing with managers we have known for a long time, who have very solid investment processes, giving us confidence to rely our money on them.”

Fernando Bernad added that the new fund – alongside other initiatives of this kind – are aimed at expanding the firm’s investment universe by identifying the best investment opportunities in this global market. “It is about offering our investors what we consider the best for us, given we invest our own money in the funds.”

The fund launch, announced earlier this month, comes weeks after the firm opened its first office in London led by Michael Alsalem.