Spanish boutique azValor has exceeded 12,000 investors, with assets amounting to over €1.5bn in its first year of activity.
The fund management company founded by Álvaro Guzmán de Lázaro, Fernando Bernad, Beltrán Parages and Sergio Fernández Pacheco, completed its first year of operations with “leading results” yielding a return in 2016 of 20.28% in its fund azValor Internacional, and of 15.62% in azValor Iberia.
Last year results in azValor Internacional, with €912m under management, are particularly noteworthy, the firm said. The return of 20.28% obtained, compared to an average of 0.09% of its comparable category, makes this fund the most profitable fund in its category, according to several rankings published.
In December last year, azValor Internacional obtained a return of 3.42% while azValor Iberia reached 4.49%. The last month of 2016 ended with 421 new subscriptions in investment funds and 403 in pension funds.
The company is already staffed with 35 professionals, 10 of which are engaged in analysis and management functions.