Spain's Value-Investing Parames Camp Emerges as Madrid Hub

MORN Morningstar Inc

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1. 1The value-investing camp led by Francisco García Paramés has grown Madrid into a European value-investing stronghold.
2. 2Cobas Internacional Fund ($1.4 billion) posted an annualized 20% return over the past five years and is up 21% this year.
3. 3Value-strategy assets have shrunk to 7.5%, but at least seven value boutiques have sprouted in Madrid over the past 10 years.

Source Bloomberg · View original ↗

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