Biography
Gustavo Teruel is a partner at Exxacon, a Spanish-Chilean company that manages investments in real assets for institutions and high net worth individuals since 1998. Apart from earning the CFA Charter, Mr. Teruel completed a M.Sc. in Civil Engineering at the University of Granada and an MBA at IE Business School.
Since the start of last summer the Spanish real estate market is coming back to life after several years in a catatonic state.
The first investments made by foreigners were related to the hunt for yield: mostly bond-like investments with… READ MORE ›
Since Michael Lewis published the book Moneyball in 2003, we have known that there’s a data-driven method to run professional sports teams. According to… READ MORE ›
Carlos Doblado is a prominent Spanish market technician. He is a partner at the advisory firm Ágora Asesores Financieros EAFI SL, manages the mutual fund BSG Prometeo FI, and is a regular presence in the financial media. I first learned about Doblado when I was surfing the internet… READ MORE ›
In the previous post about Bestinver Asset Management’s annual meeting this year, I spoke about its origins, investment style, and efforts to educate its clients so… READ MORE ›
Bestinver’s chief investment officer, Francisco García Paramés (labeled the European Warren Buffett), has become an icon for the Spanish investment and business community. Even though he is not yet a household name in Spain, as Buffett is in the United States, the financial media pay special attention to what he has to say. Bestinver’s flagship fund, Bestinfond, has yielded a 16.1% annualized return since its inception.
Daniel Lacalle works at Ecofin, where he runs a long–short sector-focused hedge fund in London. The hedge fund concentrates on the oil and gas industry, utilities, and infrastructure. Lacalle writes a weekly column for the Spanish digital newspaper El… READ MORE ›
Late last year, Inditex (ITX) shares broke the psychological barrier of €100, an event that coincided with buy ratings from all major international brokers. Inditex was the only Spanish stock recommended by many of them. The situation represents a… READ MORE ›
Spain has been one of the main countries of concern for investors during the last three years, which shouldn’t be a surprise to anyone. If Spain abandons the euro or defaults on its debt, it could trigger a Lehman-style… READ MORE ›