21 January 2006

Valsart aims to capture 30m euros in six months

Valsart aims to capture 30m euros in six months

Valsart, a newly created Spanish investment management fund specialising in paintings and other works of art, is looking to capture 30m euros' worth of investment from high-net-worth clients in the coming six months.

The firm's chairman is Diego Aguinaga, a former partner at US accounting group Deloitte, while its managing director is Javier Rivero, a former executive at bank Bankinter. Other Valsart founders from the upper echelons of the Spanish financial, legal and art sectors include Alfonso Botin, a member of the board of directors of Bankinter, and Enrique Leyva, the head of consultancy group McKinsey in Spain.