About us
Magallanes is an independent equity-only asset management, following value investment philosophy and controlled by its founders.
We aim to preserve and increase our clients’ capital by overperforming the market in the long term. Our investors are our priority and Magallanes’ most important asset. We are aware of the fiduciary responsibility that comes with managing their assets, and manage and protect them in a diligent, responsible and committed manner, subject to solid ethical principles.
Magallanes Value Investors takes its name, in part, by the great historical character Fernando de Magallanes, and partly as a tribute to what is possibly the best mutual fund in history for investment returns, the Magellan Fidelity Fund managed by legendary value investor Peter Lynch, with an annualised return of close to 30% during its 13-year term.
Iván Martín Aranguez, CFA
Chairman, CIO & Founder
“Long-term success in investing depends on the manager’s attitude when buying or selling and on his ability to remain calm, rational and cold at all times.”
Bachelor’s Degree in Business Administration and Management and a Master’s Degree in Financial Analysis from the Carlos III University of Madrid. He has completed studies in Value Investing at the University of Nebraska in Omaha and holds the Chartered Financial Analyst (CFA) certification.
Value investor with over two decades of experience in the asset management industry, prior to cofounding Magallanes he worked at Santander AM, Aviva Gestión AM and Sabadell Gestión AM as Portfolio Manager and Head of Equities, more than doubling the market’s performance in annualized terms over these 20 years..
He has been a speaker at several financial events, including the Morningstar Investment Conference in Madrid, the Value Investor Conference at Omaha, the London Value Investor Conference, Valuespaña and Iberian Value at Madrid, the International Value Investing Seminar at Trani, or the Ira Sohn London Investment Conference.
Blanca Hernández Rodríguez
CEO & Founder
“Competitive advantage is about being different and seek excellence.”
Bachelor’s Degree in Business Administration from the University of Seville, a Bachelor’s Degree in Humanities from the European University of Madrid and a Master’s Degree in Finance from CUNEF, Madrid.
With a deep understanding of Value Investing, she holds over 20 years of experience in the asset management industry. Her professional career began at Arcalia Group to then create and run a Family Office. She is member of Ebro Foods and PharmaMar’s Boards of Directors, President of the Ebro Foods Foundation and a member of the Board of Instituto Español de Analistas Financieros.
Mónica Delclaux Real de Asúa
CFO & Founder
“Everything should be made as simple as possible, but not simpler.”
Albert Enstein.
Bachelor’s Degree in Business Administration from the University of Deusto.
With over 30 years’ professional experience , she has been involved in the launching and development of several firms in the Capital Markets and Services sectors.
Economist at the Ilustre Colegio de Economistas de Madrid, member of the Instituto Español de Analistas Financieros and a member of the Asociación Española de Contabilidad y Dirección de Empresas (AECA).
Mercedes Azpíroz Arteche
Head of Investors’ Relations
“I would rather lose half of our clients than half of our clients’ money”
Jean Marie Eveillard.
Bachelor’s Degree in Business Administration from the University of Deusto.
Her professional career has developed fully in the finance industry, in capital markets and asset management. Before joining Magallanes she was Head of Sales for Iberia and Latam at Old Mutual AM
Diogo Pimentel, CFA
Analyst
“In the short run, the market is a voting machine but in the long run, it is a weighing machine”
Benjamin Graham.
Follower of the Value Investing philosophy with over 10 years’ experience in financial markets, before joining Magallanes he held manager and analyst positions at BPI AM and Santander AM, where he worked closely alongside Iván Martín.
Diogo is an electrical and computer engineer from the Superior Technical Institute at the University of Lisbon and holds the Chartered Financial Analyst (CFA) Certification.
Awarded Best Manager and Analyst Deloitte IRG awards in 2013 and 2014.
Otto Kdolsky
Analyst
“Do what you love and you will never work a day in your life”
Seth Klarman.
Over 25 years of experience within financial markets applying Value Investing philosophy.
Prior to Magallanes he worked at ERSTE Bank Austria, Interdin AV, Bankpyme Gestión AM and Sabadell Inversión AM, where he managed both the European and Spanish equity funds with over €1,000 million AUM. In mid-2013 he left Sabadell in order to devote himself exclusively to manage his personal wealth and deepen his studies of value investing.
Graduated from Bundeshandelsakademie in Vienna, Austria. He holds the stock operator title of the Vienna Stock Exchange and completed studies on Balance Sheet Analysis at EADA, Barcelona.
Santiago Domingo, CFA
Analyst
“The hardest thing to learn in life is which bridge to cross and which to burn.”
Bertrand Russell.
Passionate of the value investing philosophy, with over 7 years’ experience in financial markets, prior to Magallanes he worked at Solventis SGIIC as manager and analyst of the Solventis EOS European equity fund and other family office assets.
Santiago is a Bachelor’s Degree in Finance and Accounting from the University of Zaragoza (Award for Excellence in Academic Career) and a Master’s Degree in Financial Markets from CUNEF (Madrid). He holds the Chartered Financial Analyst (CFA) Certification.
He is also holder of the official CESGA (Certified ESG Analyst) certification by the EFFAS (European Federation of Financial Analyst Societies).
