Spanish value boutique Azvalor unveils hedge fund strategy

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 performan...