The fund is managed by co-founders Alejandro Muñoz and José Antonio Larraz, who established Equam Capital with total alignment of interests with investors. Alejandro Muñoz brings a legal and economic background with extensive experience in equity management, corporate finance, and teaching value investing, holding degrees from ICADE University and Rey Juan Carlos University with previous roles at Bankinter Gestión de Activos and March Asset Management. José Antonio Larraz contributes twelve years of private equity partnership experience and four years in financial advisory, corporate finance, and M&A at Lehman Brothers, serving as a professor at Instituto de Empresa since 2008. The management team commits its own wealth through various investment activities, offering total alignment of interests with investors by assuming the same risks and investing under the same conditions.

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Since 2015 we have applied a disciplined investment approach designed to minimise the loss risk of the investments while maximising long-term returns. Our methodology is based on patience and discipline: the foundations of artisanal work. We analyze approximately 500 companies for intrinsic value and only invest when prices provide a sufficient safety margin. We seek businesses that do not deteriorate because of competition, are not too debt-ridden, and equip the portfolio with a more conservative character. Our attention is focused on trying to take advantage of the volatility generated by market situations to buy companies that have good business and good long-term prospects, but whose share prices are being punished in the short term. We do not aim to second-guess short term market movements but rather acquire interests in sound businesses at excellent prices. The universe of companies in which we invest are European midcaps in the value segment that continue to trade at abnormally low valuations.

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