Talenta has registered its first fund with the CNMV, Talenta Global Investments, an umbrella fund with two compartments, one for equities and the other for fixed-income, both with an international bias.
The first of these is called Talenta Global Equity Strategies and is a fund of funds that invests exclusively in global equities with a certain inclination towards the most growing sectors of the market.
“The fund’s objective is to be invested in key sectors, regions and stock types, maximising diversification and capturing most of the upside while minimising the downside,” explains the fund manager. It opts for a blended fee structure as it applies a fixed management fee of 1.1% and a performance fee of 4.5%.
The fixed income sub-fund is called Talenta Global Fixed Income Selection, and is also a global fund of funds. This time it is focused on the higher quality segments of the bond market with the objective of “achieving a structure that has the ability to generate attractive positive returns without taking on the negative asymmetric returns that the current fixed income market is showing,” the company explains. As in equities, this fixed income fund bears a mixed fee: 0.6% fixed management fee plus 4.5% performance fee.
According to Jordi Jofre, president of the fund manager, what they are looking for with this fund formula by compartments is to “offer certain Talenta clients the possibility of investing in these strategies in an efficient way, without renouncing Talenta’s principle of offering a personalised asset management service and always with a co-investment commitment to its clients.”
Garrigues advised Talenta Gestión with a Financial Regulatory team made up of partner Luis de la Peña, senior associate Francesc Cholvi, associate Marcelo Moreira and junior Ignacio Guerrero.