Cobas AM loses Crèdit Andorrà's European sicav mandate

Eugenia Jiménez
clock • 1 min read

Andorran private bankCrèdit Andorrà has cancelled the agreement it had with Cobas Asset Management through which the Spanish value boutique had been offering advice to one of the bank's sicavs since 2016. From now on, Crediinvest European Value Sicav will be exclusively managed by the Andorran bank. With some €300m in assets under management, the vehicle had received advisory services from the Spanish value boutique during the past three years. Cobas said in a statement: "Crèdit Andorrà...

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Eugenia Jiménez
Author spotlight

Eugenia Jiménez

Eugenia Jiménez speaks Spanish and is Iberia Correspondent for Investment Europe covering Spain & Portugal, as well as Italy.