Alisei SGR S.p.A.

What Alisei SGR S.p.A. does

Alisei SGR S.p.A. is an Italian asset management company (Società di Gestione del Risparmio) headquartered in Milan that operates collective asset management, individual portfolio management, and independent financial advisory businesses under Bank of Italy authorization (Albo delle SGR No. 62, OICVM Managers Section). Founded in 1998 by Wolfram Mrowetz as Alisei SIM and converted to SGR status in 2021 with Roberto Brasca as co-AD and majority shareholder, the firm is a 12-person boutique serving Italian private clients, high-net-worth individuals, and corporates exclusively from a domestic Italian footprint.

The company's core offering consists of five mutual funds — three directional funds (Alisei Principal Fund, Alisei Global Fund, Alisei Capital Fund) and two flexible funds (Alisei Logical Fund, Alisei Special Fund, both Article 8 under SFDR) — alongside four individual portfolio management lines (Dinamica, Equilibrata, Armonica, Global Multiasset). Portfolio construction is supported by a proprietary quantitative investment methodology that combines mathematical-statistical models with fundamental judgment, a proprietary momentum-based strategy, and a Python-based proprietary ESG rating system covering more than 9,500 financial instruments and applying 25+ metrics via best-in-class and exclusion frameworks.

Revenue is generated through recurring management and advisory fees on funds and GPM mandates, with PIC and PAC subscription plans for mutual funds starting at €50 minimums and GPM mandates carrying a €200,000 recommended minimum. Distribution relies on direct advisor-led sales, the firm website, and equity-linked placement conventions executed in 2025 with Banca di Piacenza and Banca Valsabbina that extend reach into northern Italian retail and private banking networks. A regional commercial presence in Emilia-Romagna was added in 2023 through integration of a local entity, reinforcing the geographic core of Lombardy and Emilia-Romagna.

Name

Alisei SGR S.p.A.

Legal name

Alisei SGR S.p.A.

Website

https://aliseisgr.it

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

11–50 employees

Short description

Alisei SGR is a Milan-based Italian boutique asset manager offering five mutual funds, four individual portfolio management lines, and independent financial advisory services to Italian private clients, high-net-worth individuals, and corporates using a proprietary quantitative method.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399)

SIC

Investment Advice (6282)

akta.pro primary industry

Portfolio Management–Led RIAs (Discretionary/Model-Based) (FSAAACAC)

akta.pro secondary industries

Advisory Portfolio Management (Non-Discretionary) (FSAAABAD), Investment Management Advisory (RIA) (FSAEAAAB)

Keywords

• Asset management services
• Mutual fund management
• Portfolio management services
• Financial advisory services
• ESG investing

Headquarters

HQ city

Milan

HQ country

Italy

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Mutual Fund Management Fees: Revenue generated from managing five mutual funds: Alisei Principal Fund, Alisei Global Fund, Alisei Capital Fund, Alisei Logical Fund, and Alisei Special Fund. Each fund has multiple share classes (A and B) with different fee structures.
2. Individual Portfolio Management (GPM): Fees from managing individual client portfolios through four investment lines: Dinamica, Equilibrata, Armonica, and Global Multiasset. Services are reserved for clients with significant capital, with recommended minimum contribution of €200,000.
3. Financial Advisory/Consulting Services: Independent financial consulting services including financial planning, wealth planning, succession planning, tax planning, philanthropy advisory, and advisory on insurance funds. Service is targeted at private individuals and companies seeking bank-independent advice.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Alisei SGR is an Italian asset management company (Società di Gestione del Risparmio) that manages five mutual funds (Alisei Principal, Global, Capital, Logical, and Special Funds) and offers four individual portfolio management (GPM) lines (Dinamica, Equilibrata, Armonica, Global Multiasset), supplemented by independent financial advisory services for private individuals and Italian companies. Investment decisions follow a proprietary quantitative method that combines mathematical-statistical models with discretionary judgment and is supported by a proprietary ESG rating system covering more than 9,500 financial instruments.

Product overview

Alisei SGR S.p.A. is an Italian asset management company (Società di Gestione del Risparmio) founded in 1998, headquartered in Milan, offering three core service lines: (1) Five mutual funds — three directional funds (Alisei Principal Fund, Alisei Global Fund, and Alisei Capital Fund) for bond and equity exposure, and two flexible funds (Alisei Logical Fund and Alisei Special Fund) for mixed allocation; (2) Four individual portfolio management (GPM) lines (Alisei Dinamica, Alisei Equilibrata, Alisei Armonica, and Alisei Global Multiasset) differentiated by risk profile and equity/bond allocation; and (3) Independent financial advisory services for private clients and businesses. The company uses a proprietary quantitative investment method and ESG integration across its fund offerings.

Differentiator

Problem solved

Functional benefit

Brands

• Alisei Principal Fund: 100% bond fund for conservative short-term income with low risk exposure
• Alisei Global Fund
• Alisei Capital Fund
• Alisei Logical Fund
• Alisei Special Fund
• Alisei Dinamica
• Alisei Equilibrata
• Alisei Armonica
• Alisei Global Multiasset

Products and services

• Alisei Principal Fund 100% bond mutual fund investing in government and corporate bonds globally, targeting a short-term horizon (minimum 1 year) with low risk and moderate returns. Uses quantitative active management, benchmarked to MSCI Global IG 1Y-3Y Select Aggregate Bond Index (ISIN IT0005663890).
• Alisei Global Fund 100% bond mutual fund investing in government and corporate bonds globally, targeting a short/medium-term horizon (minimum 3 years) with low-to-medium risk. Duration typically not exceeding 5 years, benchmarked to MSCI Global IG 1Y-5Y Select Aggregate Bond Index (ISIN IT0005663957).
• Alisei Capital Fund Equity mutual fund providing systematic exposure to global equity markets, targeting medium/long-term capital growth (minimum 5 years) with high risk. At least 70% invested in equities using a fundamental value approach. Benchmark 90% MSCI World Index + 10% ECB compounded euro short-term rate (ISIN IT0005663973).
• Alisei Logical Fund Flexible balanced mutual fund primarily oriented to bonds with up to 30% equities, targeting a short/medium-term horizon (2-3 years minimum). Uses a quantitative matrix methodology for risk management and gradual capital growth (ISIN IT0005484677). Article 8 SFDR.
• Alisei Special Fund Flexible mutual fund predominantly equity-oriented (50-100% equities), targeting medium/long-term capital growth (minimum 5 years). Combines qualitative and quantitative active management for dynamic market exposure (ISIN IT0005484651). Article 8 SFDR.
• Alisei Dinamica (GPM) Flexible dynamic individual portfolio management line targeting long-term capital growth (5+ years). Up to 100% equity exposure globally with complementary bond exposure, duration 0-7 years, max 40% annual volatility. Recommended minimum investment €200,000. Managed by W. Mrowetz.
• Alisei Equilibrata (GPM) Flexible balanced individual portfolio management line targeting medium/long-term capital preservation and growth (minimum 5 years). Equity exposure up to 50% with variable bond exposure 0-100%, duration 0-7 years, medium/high risk with max 20% annual volatility.
• Alisei Armonica (GPM) Flexible portfolio management line favoring bonds for capital preservation in the medium term (minimum 4 years). Equity exposure up to 30% with bond orientation, duration 0-5 years, medium risk with max 12% annual volatility.
• Alisei Global Multiasset (GPM) Balanced global multiasset individual portfolio management line targeting medium-term capital conservation and growth (3-5 years). Equity exposure 15-40% primarily via ETFs for diversification, supplemented by direct stock selection. Duration 0-5 years, medium risk with max 15% annual volatility.
• Independent Financial Advisory (Consulenza Finanziaria) Independent bank-free financial advisory service offered to private individuals and companies, covering financial planning, wealth planning, succession planning, tax planning, philanthropy advisory, insurance funds advisory, corporate treasury management, and evaluation of new business opportunities.

Quantifiable outcome

• 5 working days liquidation timeframe for mutual funds
• +1 more outcomes

Named customers3 records

Segments3 records

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

Three partnerships are on record, tiered core and minor.

• Banca di PiacenzacoreChannel Partner/ Reseller/ Distributor · 1 January 2025In 2025, Alisei SGR signed a partnership agreement with Banca di Piacenza that includes equity participation in Alisei SGR and a placement convention for distributing Alisei mutual funds through the bank's network. This partnership expands Alisei's distribution reach in the Emilia-Romagna region.
• Banca ValsabbinacoreChannel Partner/ Reseller/ Distributor · 1 January 2025In 2025, Alisei SGR signed a partnership agreement with Banca Valsabbina that includes equity participation in Alisei SGR and a placement convention for distributing Alisei mutual funds through the bank's network. This partnership supports Alisei's expansion in northern Italy.
• KPMG S.p.A.minorOthersKPMG S.p.A. serves as the statutory auditor (Società di revisione) of Alisei SGR, providing independent audit services as required by Italian financial regulations.

Scale indicators5 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Arca SGR: Italian mutual fund and portfolio management company distributed through a network of partner banks. Comparable in offering Italian mutual funds and GPM with a bank-distribution model.
• Kairos Partners SGR: Italian boutique asset manager focused on flexible and active strategies for HNW and institutional clients. Comparable as an independent Italian SGR with differentiated active strategies.
• Anima SGR: Italy's largest independent asset manager offering mutual funds and GPM lines to retail and institutional clients. Closest comparable as a bank-independent Italian SGR with a multi-fund product shelf.
• Ersel Asset Management SGR: Italian independent SGR offering mutual funds, GPM, and discretionary advisory to private and institutional clients. Comparable multi-product, bank-independent Italian asset manager.
• Azimut Capital Management (Azimut Group): Italian wealth management and asset management group offering mutual funds and GPM to private clients and advisors. Comparable independent distribution model and HNW focus.

Broad incumbents

• Eurizon Capital (Intesa Sanpaolo): Italian asset management arm of Intesa Sanpaolo, the country's largest mutual fund provider. Comparable product universe (mutual funds, GPM) at substantially larger scale through captive bank distribution.
• Amundi SGR (Italy): Italian arm of European asset manager Amundi, offering mutual funds and GPM. Comparable mutual fund and discretionary offerings distributed via Italian bank networks.
• Generali Investments Partners: Asset management business of Generali Group offering Italian mutual funds and multi-asset solutions. Comparable as a major Italian SGR with broader institutional and retail reach.
• Mediolanum Gestione Fondi: Italian mutual fund and portfolio management arm of Banca Mediolanum. Comparable mutual fund and GPM offerings, distributed via a large Italian financial advisor network.

Emerging players

• Symphonia SGR: Italian boutique SGR offering mutual funds and private markets strategies. Comparable smaller-scale Italian independent manager with HNW and entrepreneurial focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/alisei-sgr

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

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 Alisei SGR S.p.A.