Press release march gestion family businesses fund w28 march 2012


Published on

Published in: Economy & Finance, Business
  • Be the first to comment

  • Be the first to like this

No Downloads
Total views
On SlideShare
From Embeds
Number of Embeds
Embeds 0
No embeds

No notes for slide

Press release march gestion family businesses fund w28 march 2012

  1. 1. PRESS RELEASE The Family Businesses Fund March Gestión believes in family businesses MGF has launched a global equity fund that only invests in listed family Groups around the worldMadrid, March 28th 2012.- March Gestion, the investment boutique of Banca March, haslaunched `The Family Businesses Fund´, a global equity investment fund that onlyinvests in a selection of the best family businesses around the world. The fund invests inlisted companies where more than 25% of ownership is held by a single family, at least afamily member is involved in the top management of the company and where there is awillingness to transmit the ownership to the next generation.According to José Luis Jiménez, CEO of March Gestión, “the characteristics of familybusinesses (FB): long term view, commitment, loyalty, motivation and low leverage; makethem solid and stable businesses in the long run compared to other non-family companies(NFB), as has been proven crisis after crisis. As a matter of fact, FB revenues and profitsare better than NFB.”Family businesses: a very profitable assetMore than the 80% of companies around the world are family businesses and nearly 15%of them are included in the S&P500 and Stoxx600 indices. An investor who had invested ina portfolio of European family groups equally weighted during the last 16 years could haveobtained a 250% accumulated profit against 50% obtained by the MSCI World or the Stoxx600 during the same period. 500% 400% European Family Business Companies Stoxx 600 MSCI World LC 300% 200% 100% 0% dic-95 dic-97 dic-99 dic-01 dic-03 dic-05 dic-07 dic-09The Family Businesses Fund, managed by Javier Pérez and José Antonio Méndez,who have a successful track record (managers of March Vini Catena), has the objective ofinvesting in FB that offer a good valuation together with fundamentals that remain stable inthe long term. 1
  2. 2. With the launch of the FBF, the Spanish investment boutique keeps growing in AuM andclients in Europe (+50% since 2008) through a highly quality and specialized productoffering (Torrenova and Vini Catena).“This fund allows us to combine our deep knowledge of FB with our expertise in assetmanagement. Since 1926 Banca March has been a FB which has specialized in wealthmanagement and supporting other FB”, as explains José Luis Jiménez. MGF´s investmentphilosophy combines long term value creation and wealth protection through activemanagement.Furthermore, to support the portfolio managers of the FBF, MGF has reached acooperation agreement with the IE Business School -one of the top MBAs in Europe andvery specialized in entrepreneurship- to foster research in many aspects of the familybusinesses.Together with March Vini Catena and Torrenova, The Family Businesses Fund isregistered for sale in Spain, Italy and Luxembourg and is currently being registered in theUnited Kingdom, Switzerland and Austria There are retail and institutional share classesdenominated in EUR, USD and GBP.Fund characteristics  Name: The Family Businesses Fund (FBF)  ISIN: LU0701411166 (I shares)  LU0701410861 (A shares)  Fund managers: Javier Pérez and José Antonio Méndez  Fees: 2% A Share (10 EUR), 1.25% I Share (> 100,000 EUR). USD, EUR and GBP  Daily NAV and daily liquidity  UCITS IV  Custodian: Banque Privée Edmond de Rothschild (Luxembourg)About March Gestión www.marchgestion.comMarch Gestión is the investment management arm of Banca March customers. With approximately1,900 M€ of assets under management and a team of 24 investment professionals, global equityand assets allocation are its main capabilities. Its investment philosophy combines long-term valuecreation with wealth protection.About Banca March: www.bancamarch.esBanca March is one of the largest Spanish financial groups with one of the highest solvency ratiosin Europe (Core Capital of 26%). It has been ranked nº 1 in the banking stress test in 2010 and2011. Furthermore, Banca March has received the Best Private Bank award in Spain in 2010 &2011 by World Finance It is a family-owned institution with a heavy focus on WealthManagement, Corporate Banking and Fund Management.For more information:Banca March Evercom ComunicaciónLuis F. Fidalgo, dir. Comunicación Phone: +34 Laura Díaz Bettarel laura.diaz@evercom.esPhone: +34 José María Esteban 2