On May 18th, Madrid hosted the Synergy Smaller Cies fund Conference for Southern Europe, led by Álvaro Guzmán de Lázaro (CEO of azValor Asset Management), Emeric Preaubert (CEO of Sycomore AM) and Nicola Ricolfi (CIO of Nextam Partners).
The fund represents the union of six European managers that share the same style of investment, based on value investing, covering, each of them, their country of origin: Sycomore AM, azValor AM, Nextam Partners, Avaron, Frankfurt PM AG and Kempen CM.
Since its inception, the fund has been revalued by 315% (€ 1 invested in 2003 is worth € 4,15 today), which equates to a 10,4% annualized return.
The investment is focused on small and medium capitalization companies, up to 2.000 million euros of market cap, in each market of origin.
The average capitalization is 1.200 million euros as of today.
Each manager has a limit of 15 values, being advisable to have in portfolio 10 per country.
Synergy Smaller Cies has been awarded this year as the best equity fund in the eurozone by Expansión and Allfunds Bank. The fund is registered in Spain for distribution and already has more than 390 million euros under management.
