CARTESIO wins Morningstar Pan-European Fund Manager of the Year – Multi-Asset and Alternatives
The three founding partners of Cartesio (Juan A. Bertrán, Cayetano Cornet and Alvaro Martínez) won the Morningstar Pan-European Fund Manager of the Year Award in the Multi-Asset and Alternatives category at the Morningstar Pan-European Fund Manager of the Year Awards ceremony in Luxembourg.
The award is the result of a vote held by the twenty-seven Morningstar European analysts. To be nominated for the Morningstar Qualitative Awards, a manager should be running an active fund that is among the approximately 900 vehicles that receive a Morningstar Analyst Rating and should also be a Medallist, meaning the Morningstar analysts have recognized the fund with a Gold, Silver or Bronze Morningstar Analyst Rating. The two funds managed by Cartesio (Cartesio Y and Cartesio X with their respective Luxembourg replicas) have a Gold rating. The Morningstar analysts apply a rigorous Five-Pillar Methodology framework to reach a rating: quality of the management, strength of the process to run the fund, quality of the parent organisation, performance and costs. Cartesio´s managers were recognised for their work in the only two strategies managed by the company.
The Morningstar analysts highlighted the stability, experience and strong stewardship of the managers. The exemplary alignment of the fund managers’ interests, their long-term mindset and focus on downside risk and capital preservation were also highlighted as key features of their approach.
The Pan-European awards are given in four categories and it is the first time an award is given in the Multi-Asset and Alternatives Category. These awards have been running since 2009 and this is the second time a Spanish manager has won the award.
Cartesio is a Madrid based mutual fund manager, founded in 2004 and managing €1.4 billion for more than five thousand clients. Since inception, the firm has managed two funds only (Cartesio X and Cartesio Y). Since 2009, replicas of these funds have been available through a Luxembourg SICAV. The founding principles of Cartesio (transparency, low fees, alignment of interest with the investor, capital preservation and risk adjusted investment objective) have remained unchanged since inception. The incentives and investment objectives of Cartesio´s managers mean a different approach to fund management and risk taking.
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