Spanish value boutique Azvalor unveils hedge fund strategy

Eugenia Jiménez
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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 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.