Spain’s Auriga, asset managers launch joint venture

Madrid based Auriga Global Investors and five independent Spanish asset managers have teamed up to launch Quadriga Asset Managers, news agency Europa Press reports.

The venture will promote asset managers’ talent in a market “saturated with poorly differentiated financial products,” the group said.

Quadriga has now five funds and a global portfolio of more than €450m.

Quadriga Vitrio Real Return, managed by John Monnelly; Quadriga Kirites, under the management of José Antonio García; Quadriga RHO Investments, managed by Rodrigo Hernando; Quadriga GFED Aequitas, led by María Vázquez and Quadriga Global Allocation, managed by Luis Bononato, are the funds that, for now, are part of Quadriga.

Asset managers with an “impeccable” track record in top-tier financial institutions, having been able to raise a fund from scratch and demonstrated their ability to grow it year after year would meet the requirements to join the initiative.

In addition, the asset manager must be committed and invest a large portion of its assets in the fund, the group said.

ABOUT THE AUTHOR
Alicia Villegas
Alicia Villegas speaks Spanish and Italian and is Iberia Correspondent for InvestmentEurope. She was shortlisted for the Rising Star Award at the British Media Awards 2017 and Writer of the Year at the PPA Independent Publisher Awards 2016. Previously, she worked for almost three years at the seafood business website Undercurrent News as a market reporter. In Spain, she also worked for more than five years for several media outlets.

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