March A.M.

What March A.M. does

March Asset Management, SGIIC (March A.M.) is a Spanish investment management boutique founded in 2000 and wholly owned by Banca March, headquartered in Madrid. The firm manages approximately €6 billion in assets across a multi-product platform that includes Luxembourg SICAVs (March International Sicav Lux), Spanish SICAVs (including Torrenova de Inversiones, the second-largest SICAV in Spain), fixed income funds, equity funds, profiled/cartera funds, Spanish pension funds, and Basque Country EPSV pension vehicles. Its stated investment approach is tactical asset allocation combined with bottom-up company selection, integrating ESG (Environmental, Social, and Governance) criteria into the investment process, supported by a management team with more than 25 years of industry experience.

Revenue is generated through recurring management fees on the AUM base across these product wrappers, with no publicly disclosed pricing schedule. Distribution is conducted almost exclusively through Banca March's private banking network and institutional investor channels across Spain, with bilingual Spanish/English web presence supporting limited international positioning via the Luxembourg SICAV umbrella. The company has been repeatedly recognized by industry bodies including European Funds Trophy (Best Asset Management Company, 2016-2019), Lipper, Morningstar, and Expansión-Allfunds Bank.

Operationally, March A.M. is a focused boutique of 11-50 employees, positioned as part of the broader Banca March financial group alongside March Vida (insurance), March P.E. (private equity), and Inversis (investment services). Strategic activity was most concentrated in the 2014-2019 window, including the 2014 rebranding from March Gestión de Fondos to March Asset Management, parent-level acquisitions of Inversis Banco (2014-2016), Consulnor (2017), and Bancoval (2016), and product launches including March Monetary Fund FI (2015), March International Lluc Lux (2018), and March Risk Solutions (2019). No disclosed strategic moves, product launches, or AUM updates appear in the input data after 2019.

Name

March A.M.

Legal name

March Asset Management, SGIIC

Website

https://march-am.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

March A.M. is a Madrid-based investment boutique, wholly owned by Banca March, managing approximately €6 billion across SICAVs, fixed income, equity, profiled, and pension funds. It serves Spanish HNW private banking clients and institutional investors through Banca March's captive distribution network, applying tactical asset allocation with ESG integration.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Target-Risk / Risk-Managed Allocation Funds (FSAAAEAG)

akta.pro secondary industry

Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG)

Keywords

• Asset management
• Investment funds
• SICAV management
• Pension fund management
• ESG investing

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Investment Management Fees: March A.M. generates revenue through management fees charged on their range of investment funds, SICAVs, and pension products including March International Sicav Lux, Spanish SICAVs, fixed income funds, equity funds, profiled funds, pension funds, and EPSVs.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

March A.M. is an investment boutique that actively manages investment funds, SICAVs (Luxembourg and Spanish), profiled/risk-bucket funds, fixed-income and equity funds, Spanish pension funds, and Basque Country EPSV pension vehicles, applying tactical asset allocation and ESG integration. The firm manages approximately €6 billion in assets and distributes its products primarily through Banca March's private banking network and institutional investor channels.

Product overview

March Asset Management (March A.M.) is an investment boutique specialized in tactical asset allocation and company selection. The company manages approximately €6 billion in assets under management. The product portfolio consists of multiple fund families including: Luxembourg-based March International Sicav Lux with various sub-funds; Spanish SICAVs including Torrenova de Inversiones (Spain's second largest SICAV); Fixed Income funds (short-term, medium-term, and flexible); Equity funds (global quality, themed funds like Mediterranean Fund and The Family Businesses Fund); Profiled funds for different risk profiles (Conservative, Defensive, Moderate, Decided); Spanish Pension Funds; Basque EPSV pension products; and alternative strategy funds. The company integrates ESG (Environmental, Social, Governance) criteria into its investment process across all strategies.

Differentiator

Problem solved

Functional benefit

Products and services

• March International Sicav Lux Luxembourg-based investment company (SICAV) offering multiple sub-funds across equity, fixed income, and themed strategies, distributed primarily to institutional investors.
• Spanish SICAVs Spanish investment companies including Torrenova de Inversiones SICAV, Cartera Bellver SICAV, and Lluc Valores SICAV, with Torrenova being the second largest SICAV in Spain.
• Fixed Income Funds (Renta Fija) Fixed income investment funds including March Renta Fija 1-3 años, March Renta Fija Corto Plazo, March Renta Fija 2026, March Renta Fija Flexible, March Renta Fija 2030, and March Pagarés F.I.
• Equity Funds (Renta Variable) Equity investment funds including The Family Businesses Fund, March Universal Brands, March Global Quality F.I., and March Renta Variable Norteamérica F.I.
• Pension Funds (Fondos de Pensiones) Spanish pension funds including March Protección Renta Fija F.P., March Pensiones 80/20 F.P., March Pensiones 50/50 F.P., March Acciones F.P., March Bonos F.P., March Babyboomer F.P., and March Generación X F.P.
• EPSV (Voluntary Social Welfare Entities) Basque country voluntary social welfare entities including March Acciones EPSV, March Moderado EPSV, and March Mixto EPSV.
• Profiled Funds (Fondos Perfilados / Cartera Funds) Risk-profiled investment funds including March Cartera Conservadora F.I., March Cartera Defensiva F.I., March Cartera Moderada F.I., March Cartera Decidida F.I., and March Flexible Max 30 F.I.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record.

• Banca MarchOthersMarch A.M. is the asset management subsidiary of Banca March. The company was created in 2000 as March Gestión de Fondos, SGIIC and rebranded to March Asset Management, SGIIC in 2014 alongside Banca March's rebranding. Products are distributed through Banca March's private banking network.
• Inversis BancoOthersBanca March acquired 51% of Inversis Banco in 2014 and 100% in 2016. Inversis is part of the Banca March group.
• ConsulnorOthersBanca March acquired 100% of Consulnor in 2016, expanding the group's financial services capabilities.
• BancovalOthersBanca March acquired Bancoval in 2016 as part of its expansion strategy.

Scale indicators2 records

Recent moves8 records

Expansion highlights4 records

Direct peers

• Mutuactivos: Asset management arm of Mutua Madrileña, managing mutual funds, SICAVs, and pension plans in Spain with a similar boutique-driven, multi-product structure.
• Trea Asset Management: Independent Spanish asset manager focused on active fixed income and multi-asset strategies; comparable boutique scale and product overlap with March A.M.'s fixed income and profiled funds.
• Renta 4 Gestora: Spanish boutique asset manager affiliated with Renta 4 Banco, distributing active funds through a private banking/network channel — directly comparable boutique model to March A.M.
• Magallanes Value Investors: Spanish independent boutique asset manager applying value investing across European and global equities; comparable in scale and active-management philosophy to March A.M.
• Santander Asset Management: Global asset manager owned by Banco Santander, with strong Spanish fund/SICAV/pension offerings and significantly larger AUM; competes with March A.M. across multiple risk profiles and asset classes.
• Cobas Asset Management: Spanish value-oriented boutique asset manager founded by Francisco García Paramés, offering equity-focused funds distributed in Spain — competes with March A.M.'s active equity funds (e.g., March Global Quality).
• CaixaBank Asset Management: Spanish asset management arm of CaixaBank, managing a broad range of mutual funds, SICAVs, and pension products with comparable domestic distribution and product shelf breadth to March A.M.
• BBVA Asset Management: Asset management subsidiary of BBVA, offering mutual funds, pension plans, and SICAVs in Spain and across Europe, competing directly with March A.M. in the Iberian institutional and retail fund market.

Broad incumbents

• Amundi Iberia: Iberian presence of Europe's largest asset manager, offering broad mutual fund, ETF, and institutional solutions; represents the global incumbent pressure on Spanish boutique managers like March A.M.

Regional players

• Andbank Asset Management: Asset management arm of Andorran private banking group Andbank, distributing funds across Spain and other European markets with overlapping HNW client focus to Banca March.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/bancamarch
• LinkedInlinkedin.com/company/march-gestion-sgiic

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about March A.M.