Renta 4 manages now over €10bn in assets

Spanish manager Renta 4’s assets under management surpassed €10bn as at the end of October, a 12.4% increase compared with the same period a year earlier, Funds People has revealed.

According the firm, the growth leads the commissions to go up by 18% until achieve €54.4m. Compared with the previous quarter, commissions have gained €18.3m, up 15% YoY.

Assets under management from Renta 4 own funds amount to €3.97bn, a 11.3% increase compared with the same period last year. In third party funds the manager has €1.423bn in assets under management after having grown 13.6% over the past twelve months.

The firm’s assets managed in pension funds have increased almost 15% over the year, amounting to €3.57bn.

Net profits gained over the first nine months of the year stands at €12.05m, 13.7% up with respect the same period a year earlier.

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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