Morgado and Renta 4 Banco join forces for W4i
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”.