Changes in the general direction of Gesnorte, the institutional fund manager belonging to insurers such as Helvetia, Reale or MGS. Nieves Campos, to date its director of Investments, has risen to the position of general director, position in which It will replace Manuel Blanco, who retires after 30 years at the helm of the firm.
Due to its institutional nature, Gesnorte is little known, although manages about 550 million euros in assets, according to Inverco with data at the end of March. Before the Covid-19 crisis, managed 610 million. He is responsible for two funds, which are distributed among its partners: Helvetia, Reale Seguros, MGS Seguros, Nacional de Reaseguros, ERGO Seguros and Ges Seguros.
Its flagship is Fondonorte, a mixed defensive that has been awarded numerous times by independent analysis entities such as Standard & Poor’s or Lipper. The other is Fondonorte Eurobolsa, with European shares.
Gesnorte's majority partners are MGS, with 39.95% of the shareholding, and Helvetia, which owns 29.55%. Reale has 4%. The firm was founded in 1968 by the Soroa Gómez brothers in Bilbao, although its current headquarters are at the center of Madrid's art. After this appointment, he is considering other changes in his address, as Bolsamanía has learned.
Campos is a history of the house, where she has been working since 1998. She was first manager of investment funds and pension plans and, in 2009, became the director of Investments.