Spain’s GVC Gaesco picks Sharegain for Lux funds’ seclending

GVC Gaesco is working with Sharegain to offer greater returns to investors. With this collaboration, GVC Gaesco is delivering a new revenue stream on their Luxembourg-based funds through securities lending.

Jaume Puig, CEO and CIO of GVC Gaesco Gestión, said in a statement: “We’ve always known that if we want to deliver value, we have to do things differently. So we’re constantly looking for solutions that give a better result for our investors, without compromising on control or transparency…Looking forward, we hope to unlock this revenue stream for investors in our Spanish funds as well.” Spain is currently the only major European economy that restricts securities lending on funds domiciled in its territory.

Boaz Yaari, CEO of Sharegain, said in a statement: “We’ve seen a shift among European asset managers. They’re looking for a new approach to securities lending; one that puts them in the driver’s seat.” He added that the asset manager’s team has “an openness to the benefits that a financial technology solution can bring.”

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