Fimarge boosts presence in Spain through distribution deal with Ursus-3 Capital

Madrid-based asset manager Ursus-3 Capital has signed a collaboration agreement with the Andorran firm Fimarge by which Ursus-3 Capital will distribute in Spain some Fimarge’s funds and Sicavs.

Astra Sicav-SIF Iridium Balanced Portfolio, Fimarge Ucits Balanced Portfolio Fund and Astra Sicav-SIF Iridium Flexible Equity are the three strategies to be distributed by Ursus-3 Capital across Spain.

Assets under management of the three products amount to some €80m and about 200 participants.

The three investment vehicles are registered in Spain, of which two are already available in sales distribution fund platforms.

Fimarge Ucits Balanced Portfolio Fund is Fimarge’s oldest strategy with 5 years track record and has some €25m of assets under management. Its investment portfolio can invest up to 30% in equities while the portfolio of Astra Sicav-SIF Iridium Flexible Equity can invest up to 80% in equities.

The agreement increases Ursus-3 Capital funds range while being in line with Fimarge’s strategy of third party fund distribution.

ABOUT THE AUTHOR
Eugenia Jimenez
Eugenia Jiménez speaks Spanish and is Iberia Correspondent for Investment Europe covering Spain & Portugal, as well as assisting with coverage of Italy. She holds a UK NCTJ- accredited Multimedia News Reporting course and studied Journalism at the University of Sevilla. She has worked for local media organisations in Sevilla and Málaga, mainly in broadcasting as a news reporter, among other roles. She has also worked for a local newspaper in Sevilla, reporting on current affairs, local government and culture.

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