Madrid-based independent asset management boutique azValor Asset Management has attracted up to 16.000 new retail clients since its inception in 2015.
The value investing boutique – founded by Álvaro Guzmán, Fernando Bernad, Beltrán Paragés and Sergio Fernández-Pacheco – currently manages €1.74bn in assets and has gone to 11 partners from the four who launched the business.
The two-year anniversary of the firm’s launch has led azValor to unveil azValor You, an audiovisual educational channel on YouTube, through which the boutique offers interviews and insights from the boutique’s managers, as well as from leading personalities belonging to the economic and financial sectors.
The Spanish boutique encourages investors to ignore short term volatility in stock prices and to look at their investments in the long term. “We do not seek investors who need to have a short term outlook, as the chances are that we are not likely to deliver our promises. All we can say is that the prospects of a good outcome are only with those who can invest over many years. As Warren Buffett says: in the short run, the market is a voting machine, but in the long run, it is a weighing machine,”said Beltrán Paragés.
azValor’s Iberian fund has returned over 30% since November 2015, while its international fund has reached over 20%. Since the start of 2016, the Iberian fund has risen by up to 57% and the international fund by more than 48%.