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.

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