We are a registered (filed under the Spanish CNMV and British FCA) investment firm with offices in Madrid, Barcelona and London. Our team averages 15 years in top investment banks and is specialized in high yield fixed income strategies and market events that trigger double digit returns. Our opportunistic focus aims to deliver results for our shareholders and is not limited to any specific market, sector or currency, although our knowledge of the Iberian market is top class. Some of our most frequent activities involve: - Fixed income: all types of high yield instruments (subordinates, hybrids, AT1s, special sits, distressed, etc) - Unlisted equity: market making of non-quoted shares (pre-IPO shares, private share issuances, etc) - Tailored activities upon demand: primary order placements, private debt/loan issuances, ABS liquidity providers, etc - Wealth management: featuring our star Achilles Fund (NAV growth FY16: 26.27%, FY17: 19.72% and YTD18: 5.55% up to present date) and Nocity Fund.