Firmino Morgado
Firmino Morgado
Assistant Professor (Adjunct)
Finance

2024 IMGA - Gestao de Activos Lisbon https://www.imga.pt: Portugal largest independent fund manager Senior board member advisor 2017- 2024 MAN GROUP London https://www.man.com/ : Europe’s largest alternative fund manager Fund Manager • Man GLG RI Sustainable Energy Transition Alternative: Global, long-short, bottom-up fund with impact purpose (net carbon negative portfolio). Launched June 2021. >80% percentile peer group beaten. • SEI – Sustainable Equity Income + GLG Alpha Income, long-only, bottom-up funds income oriented; ???? rated by Morningstar with 81% of the peer group beaten since inception on Jun. 30th 2015. EDP Pension Fund as seed investor • Man GLG Iberian Opportunities: long-only, bottom-up, best ideas fund; ????? rated by Morningstar with 87% of the peer group beaten 2014 – 2017 W4i INVESTMENT, Ltd London https://fundspeople.com/pt/w4i-investment-funds-nasce-pelas-maos-de-firmino-morgado-e-o-banco-espanhol-renta-4/ Founder and Fund Manager W4i European Income (#1 Morningstar), W4i European Opportunities and W4i Iberian Opportunities, three actively managed, long-only, bottom-up, highly concentrated UCITS funds; all three funds were top quartile performance ranked by Morningstar over tenure. In 2017 W4i investment was incorporated into Man Group. 2002- 2014 FIDELITY INTERNATIONAL London/Boston https://www.fidelityinternational.com Fund Manager - Fidelity Iberia Fund: 97% of the Morningstar peer group beaten. AUM ¢ 1.8 bn. Largest ever Iberian public equity fund with $2bn AUM. Bestselling European Fidelity fund both in 2013 and 2014. - FIJ European Fund: Annual return 10.04% vs 7.74% for MSCI Europe. 84% of the peer group beaten. 1998 – 2002 CAPITAL GROUP Los Angeles, London, Geneva https://www.capitalgroup.com Investment Analyst: Media and Leisure sectors 1997 GOLDMAN SACHS International Paris /Madrid Associate, Principal Investment Area (PIA) Summer Internship Analysis of acquisitions for Whitewall Real Estate Fund 1991 – 1995 FUNDO TURISMO Lisbon Investment agency specialized in hotel Real Estate investments Managing Director, Principal Investment Raised REIT dedicated to hotel and leisure investments. 1989-1991 BANCO COMERCIAL PORTUGUES Lisbon Portuguese comercial Bank VP, Investment Banking Division: Privatization in insurance and banking sectors BOARD POSITIONS • Renta 4 Banco: Non-executive 2014-2017 • W4i Investment: Executive Board Member 2014- 2017 • F.Turismo – Capital de Risco, SA: CEO and Executive board member 1991 – 1995 TEACHING EXPERIENCE 1989-1994 UCP - Universidade Catolica Portuguesa: Teaching assistant: Cost Accounting, Investments courses 1990-1991 China-EC Management Institute MBA Beijing CHINA (today’s CEIBS)

1997 INSEAD, MBA (Cum laude and Dean’s list)

1996 NYU – New York University, MSc Finance and Real Estate (Honors)

1983 – 1989 UCP - Universidade Catolica Portuguesa, BSc Business Administration (Ranked 3rd)

Investments, finance