Bestinver’s Parames leaves for new project

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Bestinver Asset Management’s fund manager Francisco Garcia Parames is said to be leaving the company to start a new project, a person familiar with his plans has told Bloomberg.

Parames has spent 25 years at Madrid-based Bestinver where he managed above €7.5bn in Spanish and international stocks.. His returns were double the 7.8% annual increase in the Madrid stock market since 1993, the informer told Bloomberg.

The fund manager moved to London from Madrid in June 2013, where he worked with two associates, Alvaro Guzman de Lazaro and Fernando Bernad.


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