Spain's azValor opens first Spanish representative office in London
January 5, 2018

Fast-growing Spanish Value manager azValor has opened a representative office in London. It says this is to boost its research capability, increase capacity and to provide greater access to target corporates.

The non-regulated office, in London's West End, will be headed by Michael Alsalem. He joins with immediate effect from Ledbury Partners, where he launched a European fund focusing on deep value and other special situation investments.

Previously Alsalem has worked as a co-portfolio manager and senior analyst at firms including Highbridge Capital and Kingdon Capital Management in New York and London.

azValor says the office will be run by the parent company of the asset manager. It adds that it will represent the only Spanish independent asset manager based in London following the withdrawal of other firms in recent years.

Alsalem said: "With the implementation of MIFiD II, it is important to have direct contact with investment targets and build that into the value we offer our co-investors, and I look forward to developing that access and capability."

azValor Asset Management was founded as an SGIIC (Sociedad Gestora de Instituciones de Inversión Colectiva) in 2015 by a group of experienced Spanish investment professionals, to focus on long-term Value investment in listed equities. It now employs 37 professionals and has more than 16,000 clients and some EUR 1.7 billion in assets under management in four investment funds, two pension plans and two Luxembourg SICAVs.





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Fast-growing Spanish Value manager azValor has opened a representative office in London. It says this is to boost its research capability, increase capacity and to provide greater access to target corporates.

The non-regulated office, in London's West End, will be headed by Michael Alsalem. He joins with immediate effect from Ledbury Partners, where he launched a European fund focusing on deep value and other special situation investments.

Previously Alsalem has worked as a co-portfolio manager and senior analyst at firms including Highbridge Capital and Kingdon Capital Management in New York and London.

azValor says the office will be run by the parent company of the asset manager. It adds that it will represent the only Spanish independent asset manager based in London following the withdrawal of other firms in recent years.

Alsalem said: "With the implementation of MIFiD II, it is important to have direct contact with investment targets and build that into the value we offer our co-investors, and I look forward to developing that access and capability."

azValor Asset Management was founded as an SGIIC (Sociedad Gestora de Instituciones de Inversión Colectiva) in 2015 by a group of experienced Spanish investment professionals, to focus on long-term Value investment in listed equities. It now employs 37 professionals and has more than 16,000 clients and some EUR 1.7 billion in assets under management in four investment funds, two pension plans and two Luxembourg SICAVs.



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