Spanish Hedge Fund Makes Global Macro, Multi-Strat Offerings

Mar 10 2008 | 2:53pm ET

Valorica Global FIL, one of Spain’s first onshore hedge funds, has launched a global macro fund and a multi-strategy vehicle, both having won regulatory approval on Jan. 25.

The firm opened its doors for business in September, following approval from the Comisión Nacional del Mercado de Valores, and its first hedge fund vehicle, Valorica Global, a long/short equity fund, was given the green light by the Spanish financial regulator in October.

According to the firm, Global has attracted strong interest from both local and international investors and has raised €100 million (US$153.6 million) in its first two months. Víctor Manuel García Romero, Valorica’s director general, is confident that the fund will reach the €150 million mark by the end of the June.


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note