Quaero Capital is strengthening its European and worldwide distribution capability with agreement from Allfunds Bank to make Quaero Capital funds available on its global platform.
The move will see Quaero Capital’s range of SICAV sub-funds made immediately available, where its funds are registered, to fund selectors in the two dominant European cross border markets of Italy and Spain, as well as in Switzerland and France.
The move will also position Quaero Capital for expansion in over 40 countries in which Allfunds has a presence – in regions such as Asia where Quaero Capital reached a distribution agreement with Peak Capital in January.
The arrangements with Allfunds were spearheaded in Iberia by Quaero Capital’s Amancio Perez who will oversee the business development for the Quaero Capital funds in the region. Amancio will also be looking to expand Quaero Capital, through global third-party marketers, into Latin America. Allfunds has established a considerable presence in Latin America - with distribution agreements in most South American countries and local offices in Chile and Colombia.
Quaero Capital’s Global Head of Business Development, Thierry Callault (pictured), says, “These new arrangements with Allfunds Bank represent a significant step in the development of our global business as it will enable fund selectors to more readily adopt our range of high conviction actively managed funds. The move will also stimulate our interest in regions such as Latin America where Amancio has significant funds industry experience and where we believe there is an appetite for long term Alpha generation – and so an interest in Quaero Capital funds.”
Perez says: “While cookie cutter products represent the main portion of the mass market, there is a strong appetite among the most sophisticated investors in both Italy and Spain for more innovative and distinctive strategies, such as those offered by Quaero Capital.”
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