A multidisciplinary team headed by García Paramés

FRANCISCO García Paramés

Chairman and CIO

Born in 1963 in El Ferrol, Spain. After graduating in Economics, he took an MBA at the IESE business school.

A voracious reader, he gets through books as briskly, it seems, as his long daily walks. He is also a keen swimmer, and sometimes plays golf.

His track record of 25 years near the top of performance rankings make him one of Europe’s leading asset managers in the “value” school.

He is a self-taught follower of Warren Buffett’s investment approach. His asset management style is based on strictly applying the principles of value investing (Graham, Buffett, Peter Lynch, etc), within the framework of the Austrian business cycle theory.

He is the author of Invirtiendo a largo plazo (Investing Long-Term), a book in which he explains the underpinnings of his own investment approach and experience.

ANALYST TEAM

JOHN Barden

Born in 1963 in Lytham St Annes, England. He graduated in Economics from the University of Manchester. He has 25 years of experience managing equities, and has taken part in the launch of several funds. His investment style is based on identifying sustainable competitive edges. He enjoys cycling, running and fishing, and the occasional round of golf. His love of the countryside has prompted him to grow a small vineyard on his property in the Rueda white-wine region.


ANDRÉS Allende Rodríguez-Losada, CFA

Born in 1977 in Madrid, Andrés took a degree in business administration at his home city’s Universidad Complutense. He started his career in 2001 at Credit Suisse in Madrid. He later worked as portfolio manager for traditional and long/short funds in Madrid, Zürich, London and Edinburgh, with Credit Suisse, RAB Capital, Allianz Global Investors and Standard Life Investments. A keen tennis player and deerstalker, he likes to read widely and in depth, and finds his greatest enjoyment in family life.

ANDRÉS Allende Rodríguez-Losada, CFA

Born in 1977 in Madrid, Andrés took a degree in business administration at his home city’s Universidad Complutense. He started his career in 2001 at Credit Suisse in Madrid. He later worked as portfolio manager for traditional and long/short funds in Madrid, Zürich, London and Edinburgh, with Credit Suisse, RAB Capital, Allianz Global Investors and Standard Life Investments. A keen tennis player and deerstalker, he likes to read widely and in depth, and finds his greatest enjoyment in family life.


IVÁN Chvedine Santamaría

Born in 1976 in Lima, Peru. Having graduated in finance and accountancy from the Pontificia Universidad Católica de Perú, he moved to Madrid in 2002 to take a master’s degree in stock exchanges and markets awarded by IEB. In 2003, he started his career as an analyst at Bestinver, which he later continued at azValor. He plays soccer and is an avid follower of the sport. He loves reading, and focuses especially on books about investment and the Austrian School of economics. He loves to spend his time off with his family.


CARMEN Pérez Baguena, CFA

Born in 1984 in Zaragoza, Spain, Carmen holds a bachelor’s degree in business administration from the University of Zaragoza and a master’s degree in stock exchanges and financial markets awarded by the IEB in Madrid. She is also a CFA Charterholder. In 2009, she started her career as an analyst at Bestinver, and later worked at azValor. In her time off, Carmen reads as widely as she can on investment topics. She also loves to watch TV series. She enjoys cakes and pastries, and outdoor running.

CARMEN Pérez Baguena, CFA

Born in 1984 in Zaragoza, Spain, Carmen holds a bachelor’s degree in business administration from the University of Zaragoza and a master’s degree in stock exchanges and financial markets awarded by the IEB in Madrid. She is also a CFA Charterholder. In 2009, she started her career as an analyst at Bestinver, and later worked at azValor. In her time off, Carmen reads as widely as she can on investment topics. She also loves to watch TV series. She enjoys cakes and pastries, and outdoor running.


MINGKUN Chan (a.k.a. HERMAN)

A graduate in international business from the National University of Taiwan and a master’s graduate of the IESE business school. Mingkun was born in 1979 in Taipei, Taiwan, where he started his career as an analyst. He later moved to London. He was first contacted by García Paramés’s team to head up Bestinver’s office in Asia. For sport, he enjoys jogging, and he has a real passion for travelling the world.


VICENTE Martín Brogeras

Born in 1973 in Burgos, Spain, Vicente holds a bachelor’s degree in business administration from the Universidad Complutense, an executive master’s degree in finance from Instituto de Empresa, and an executive development diploma awarded by IESE. He is a new addition to García Paramés’s team. He has a strong background as an analyst at Santander Investment Bolsa, Endesa and Retevisión. He loves outdoor sports, especially cross-country mountain races.

VICENTE Martín Brogeras

Born in 1973 in Burgos, Spain, Vicente holds a bachelor’s degree in business administration from the Universidad Complutense, an executive master’s degree in finance from Instituto de Empresa, and an executive development diploma awarded by IESE. He is a new addition to García Paramés’s team. He has a strong background as an analyst at Santander Investment Bolsa, Endesa and Retevisión. He loves outdoor sports, especially cross-country mountain races.


PETER Smith, CFA

Born in 1983 in State College, Pennsylvania, Peter is a CFA Charterholder and acts as Cobas’s man in London. He took a master’s degree in finance at London Business School, with a focus on value investing asset management, and graduated magna cum laude in international business science at Texas Tech University. He has worked as an analyst specialising in European companies. Peter has visited more than 90 countries and has even travelled to Antarctica. He enjoys reading, running and enjoying London life.


JUAN Huerta de Soto Huarte

Having taken a double degree in law and business administration at the Universidad Complutense, he was awarded a master’s degree in Austrian economics by the Universidad Rey Juan Carlos. Juan started his career as an analyst at Bestinver, which he later continued at azValor. This young Madrid native, born in 1989, enjoys swimming, running and golf. He is a film buff, and a voracious reader of books on economics and investment.

JUAN Huerta de Soto Huarte

Having taken a double degree in law and business administration at the Universidad Complutense, he was awarded a master’s degree in Austrian economics by the Universidad Rey Juan Carlos. Juan started his career as an analyst at Bestinver, which he later continued at azValor. This young Madrid native, born in 1989, enjoys swimming, running and golf. He is a film buff, and a voracious reader of books on economics and investment.


JUAN MIGUEL Cantus Pastor

A graduate in business administration from the Universidad de Alcalá de Henares, he specialises in financial auditing. Though his family has its roots in Valencia, he was born in Seville in 1989. He started his career at Bestinver, where he stayed for a year and a half, and later joined the team at azValor. He reads widely in economics, is a big fan of documentaries, and loves films that make you think.


MAYTE Juárez García

She holds a first degree in biology, an MBA awarded by the Escuela de Organización Industrial and a master’s degree in Austrian economics awarded by Omma. Born in 1964 in Madrid, Mayte has worked at Lonja Capital SV, Banco de Inversión, at Bestinver for 17 years with Paramés, and at azValor. She loves to discover nature by scuba-diving and taking long walks in the country. She also relaxes with yoga and reading on subjects about humanity and its interaction with the environment.

MAYTE Juárez García

She holds a first degree in biology, an MBA awarded by the Escuela de Organización Industrial and a master’s degree in Austrian economics awarded by Omma. Born in 1964 in Madrid, Mayte has worked at Lonja Capital SV, Banco de Inversión, at Bestinver for 17 years with Paramés, and at azValor. She loves to discover nature by scuba-diving and taking long walks in the country. She also relaxes with yoga and reading on subjects about humanity and its interaction with the environment.


INVESTOR RELATIONS

SANTIAGO Cortezo García

Born in 1981 in Madrid, Spain, Santiago holds a bachelor’s degree in business administration from Colegio Universitario de Estudios Financieros (CUNEF). He started his career at Banco Santander. In 2006, he joined Bestinver, where he stayed until 2015. Before joining Cobas Asset Management, he took part in the launch of azValor as key account manager. In his time off, he takes part in a wide range of sports and enjoys time with his family.


GEMA Martín Espinosa

Born in 1973 in Madrid, Gema took a double degree in law and business science at Universidad Complutense. She has held senior positions at JP Morgan in London, Geneva and Brussels. In Spain, she has worked in the institutional relations area of Iberclear, Banco Inversis and BBVA AM, where she headed the institutional business unit and the Luxembourg desk. Gema is a gourmet with a fine palate, and enjoys visiting new restaurants and wineries.

GEMA Martín Espinosa

Born in 1973 in Madrid, Gema took a double degree in law and business science at Universidad Complutense. She has held senior positions at JP Morgan in London, Geneva and Brussels. In Spain, she has worked in the institutional relations area of Iberclear, Banco Inversis and BBVA AM, where she headed the institutional business unit and the Luxembourg desk. Gema is a gourmet with a fine palate, and enjoys visiting new restaurants and wineries.


CARLOS González Ramos

His parents’ work meant that he was born in Caracas, Venezuela, in 1983, although he had already returned to Spain by the age of three. Carlos is a graduate in business administration, with a finance specialisation, from the Universidad CEU San Pablo. He started his career at Bestinver in 2007, where he was a member of the investor relations key accounts team for almost a decade. He plays the classical guitar, enjoys golf and paddle tennis, and is a keen follower of all manner of sports events.

COBAS ASSET MANAGEMENT

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INVESTMENT PHILOSOPHY