About MAPFRE AM
MAPFRE Asset Management has more than 30 years of experience in asset management. It is part of the MAPFRE Group and is one of the largest firms in the industry in Spain, with more than 40 billion euros in assets under management in Europe. One of MAPFRE AM's main objectives is to manage and maximize the profitability of the group's balance sheet, which also has an impact on higher returns for shareholders.
MAPFRE AM deploys efficient processes to identify opportunities in the market. The ultimate goal is to build portfolios comprising securities that the 100-strong management team is confident in. To do this, a value investment philosophy is adopted, which means that opportunities to maximize long-term profits are actively sought by betting on companies whose market price is below their real value.
In addition, MAPFRE AM has opted for a sustainable approach to investing its clients' savings and investments. Companies that show a strong commitment to environmental, social, and governance (ESG) principles are identified because, in addition to financial profitability, social profitability is a prime concern. To exploit this approach to its maximum potential, and within the fund manager's commitment to grow through strategic partnerships, in 2017, MAPFRE AM acquired a stake in the La Financière Responsable (LFR), a French boutique firm with more than 10 years of experience in sustainable investments.
As part of the strategy to seek partnerships in the asset management business that generate value for its clients, MAPFRE AM purchased part of Abante in April 2019, with the objective of creating an independent platform for financial advice and to distribute products in the Spanish market, with the aim of also expanding into Latin America. As a result of this agreement, MAPFRE AM, which until now focused its investment in alternative assets in the real estate sector, launched a private equity fund, in which Altamar also participated, and another infrastructure fund, led by the giant Macquarie. In addition, in late 2019, MAPFRE AM reached an agreement with US-based Boyar Value Group to improve its analytical capacity, mainly in the area of small and medium-sized enterprises in the United States.