Santander Asset Management Launches New Hedge Fund: Santander Patrimonio Diversificado.

February 24, 2020 | Fund Updates, Hedge Funds, News
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Santander Asset Management announced it has launched a new hedge fund called Santander Patrimonio Diversificado.

Its portfolio will invest in fixed income, equities, and absolute return funds. It will also dabble in venture capital, private debt funds, and real estate.

According to a press release, the fund will focus on the U.S., Europe, Japan, and emerging markets. It has also set a weight limit for diversification at 5%. The fund will also have a sustainable bias and will focus on aligning with the firm’s broader ESG goals.

“Combining traditional assets with alternative investments, in real or less liquid assets, make a very differentiated offer with respect to the rest of the funds existing presently in the industry,” said Santander in a note.

The firm has named Javier Mazarredo as the fund manager.

Santander Asset Management Updates

The news of the hedge fund comes two weeks after SAM announced a new executive at the helm. Mariano Belinky was appointed as Head of Santander Asset Management. He came over from Santander InnoVentures, the Bank’s $200 million fintech investment fund, which he has led for the past three years. The company manages €182 billion in assets across all types of investment vehicles, from mutual and pension funds to discretionary portfolios and alternative investments.

Related: Using Four Simple Metrics, Bank Stocks Return 22% a Year with a Beta of Less than 0.5

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