Morgado and Renta 4 Banco join forces for W4i

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Former Fidelity Worldwide Investment’s portfolio manager Firmino Morgado has joined forces with Spanish Renta 4 Banco to launch a new London-based company, according to the local trade press.

W4i Investment Advisory will manage and sell three products in London: one of Spanish equities and two of European equities.

A few months after leaving Fidelity’s largest fund in Spain, Morgado teamed up with Renta 4’s CEO Juan Carlos Ureta to launch W4i Iberian Opportunities, el W4i European Opportunities y el W4i European Dividend, which are currently being registered both in Spain and Luxembourg.

Morgado reportedly said that the move aims at meeting the requirements of “modern times and a new managers’ generation”.

 

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