The firm’s Spanish equities fund delivered yields of 33%, after boosting its presence in the country two years ago.
The Mirabaud Equities Spain fund, managed from Barcelona by Antonio Hormigos and Gemma Hurtado, multiplied its AUM sevenfold to €72m.
“Two years ago, Mirabaud made a massive commitment to asset management in Spain and was able to add some highly talented experts to the team," Francisco Gómez-Trenor y García del Moral, CEO in Spain, said.
The firm managed 10 SICAVS in December 2012, multiplying this to 36 as of June 2014.
Growing its Spain strategy, the company also announced new hires for its Madrid office having appointed three experts in private banking. Juan Manuel Gutiérrez Bernaldo de Quirós joins from Credit Suisse, José Luis Ruiz Gonzalez joins from Santander Private Banking, and Ana Echarri Sarasola hails from KBL.
“The new hires are another step forward in the ambitious expansion strategy that Mirabaud is applying in Spain,” Antonio Palma, chairman and a group managing partner, commented.
