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CAIA DAY - MADRID - Alternative Investments Conference 2025
Date(s):
June 5, 2025
Note: All times listed are in local time
Venue:CaixaForum Madrid
P.º del Prado, 36 Centro Madrid, M 28014
Fee(s):Free Event
Description: CAIA Iberia Alternative Investments Conference 2025 CAIA Iberia is proud to host the CAIA Iberia Day 2025 in Madrid, a premier gathering of leading investment professionals, asset managers, and institutional investors. This year’s event will explore the evolving role of alternative investments, and why they are no longer considered merely an "alternative" but rather a core component of a well-balanced portfolio.
In an era defined by volatility, shifting macroeconomic conditions, and an increasing need for diversification, alternative assets have cemented their place in institutional and private investor portfolios alike. This event is organized in collaboration with 101 Futures, LGT Capital, Franklin Templeton, and Crescenta. AGENDA 08:30 - Registrations and welcome coffee 09:00 - Welcome by Monica Lira - Director of Industry and Chapter Relations EMEA at CAIA Association 09:05 - Event Opening by Leonardo López, CAIA - CAIA Iberia Chapter Head & Country Head at ODDO BHF AM SESSION ONE: The Market Outlook and New Emerging trends - Debt Space 09:15 - Wealth Perspectives: Rethinking Wealth Allocation in a Changing Market Environment in collaboration with: - Eduardo Navarro - Co founder and Chairman at Crescenta
- Enrique Marazuela, CFA - Director for Economic Affairs at Pontificia Comillas University
- Cristina Tejedor - Head of Private Markets at Santander Private Banking
- Alejandra Valverde, CEFA - Responsible of Alternative Investments at Orienta Wealth
Moderator: Gisela Medina, CAIA, CESGA - CAIA Iberia Chapter Executive & Global Head of Fund & ETF Selection for International Asset Managers at BBVA 10:00 - Private Debt Deep Dive: Yield, Resilience, and Realism in collaboration with: - Carlos Gross - Executive Director at Alcentra, a Franklin Templeton Company.
- Kevin Abrial - Partner at LGT Capital
- Patricia García Cotillo, CAIA - Private Markets Analysis & Selection Manager at BBVA
- Alejandro Olivera Guerrero, CAIA - CAIA Iberia Chapter Executive and Director at WTW
Moderator: Diego Fernandez Elices, CAIA - CAIA Iberia Chapter Executive and CIO at A&G 10:45 - Coffee Break SESSION TWO - Decorrelated Assets 11:15 - Keynote Session by Tobias Moskowitz, Principal at AQR, on Investing through the lens of sports 11:45 - Beyond the Benchmark: Liquid Alts as Portfolio Enhancers in collaboration with: - Jose Carlos Lopez Moraleja, CAIA - CEO and Founding Partner at 101 Futures
- Fernando Sanchez, CAIA, FRM, CESGA - Head of Alternative Investments at CaixaBank Asset Management
- Jacobo Silva - Portfolio Manager at Omega Capital
- Philippe Muñoz Cuellar - Head of Liquid Assets at Orilla AM
Moderator: Patricia Molpeceres, CAIA - CAIA Iberia Chapter Executive & Sales Director at AllianceBernstein SESSION THREE - Leading the Change 12:30 - Keynote Session by: Miriam Medina, Founding Partner at Orion Coaching, on Leading Change in Alternatives: People-Centered Strategies to Navigate What´s Next 12:50 - Setting the stage for the closing by Niccolla Roxan Emanuel - EMEA Marketing and Chapter Relations Assistant 12:55 - Closing Remarks by Leonardo López, CAIA - CAIA Iberia Chapter Head & Country Head at ODDO BHF AM 13:00 - Cocktail & Networking Please register early as space is limited Important notes before the event: - This event is organized by dedicated CAIA members, who generously volunteer their personal time. Should you decide to register, we greatly appreciate your commitment to attending.
- If you find that you are unable to attend, please inform us at least 48 hours before the event. Your timely cancellations enable us to offer your spot to someone on the waitlist and help minimize food and energy waste
- Kindly note that registrations must be completed in advance, as walk-ins will not be permitted. Given the event's limited capacity, we encourage you to register as early as possible to secure your spot. If the attendance limit is expanded, we will promptly notify you.
- Registering a guest is possible but complete Guest’s details must be filled in. In case of overbooking, priority will be given to CAIA Members.
Thank you for your understanding and cooperation. If you have questions or concerns regarding registration for this event, please contact CAIA EMEA Chapter Relations. This event is organized in collaboration with:  Hosting Location:
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Kevin Abrial
Job Title: Partner
Organization: LGT Capital Partners
Speaker Type: Panelist
Private Debt investor with over 18 years of transaction sourcing & execution and hands-on investment monitoring experience across the capital structure (unitranche, mezzanine, equity), including 14 years in middle-market Private Debt & Equity at European Capital and LGT Private Debt and 4 years in large-cap Mergers & Acquisitions at BNP Paribas Corporate Finance.
International background and mindset, action and result oriented, strong team player.
Fluent in French, English and Spanish.
Graduated from ESSEC Business School.
Diego Fernández Elices
Job Title: CIO
Organization: A&G
Speaker Type: Panelist
I started my career as an analyst creating form scratch a multifamily office, GBS Family office, were I managed portfolios, gave financial and fiscal advise to different high networth families and individuals, renegotiating fees and making financial planning.
In 2007 I moved to A&G as the fund selection director, where I was responsable of the selection of third party funds for over 2 billion euro.
In 2017 I was promoted to CIO of the group, being responsable of over c.13 bn of AUM, divided in advisory and discretionary. The discretionary business has an asset management arm, which is being developed from zero and has over 1 billion now.
Patricia García
Job Title: Manager
Organization: BBVA
Speaker Type: Panelist
Patricia García began her professional career at BBVA in 2003, initially in the commercial department of BBVA. Since 2005, she has held various positions within the BBVA Asset Management area, including risk management and valuation of Private Market funds. Between 2011 and 2015, she was responsible for the financial control of BBVA’s London branch.
In recent years, she has been focused on private fund selection at BBVA Quality Funds, where she leads the selection of Private Debt funds for the group.
Patricia holds a degree in Business Administration and Management from UCM and is a CAIA Charterholder.
Carlos Gross
Job Title: Executive Director
Organization: Alcentra
Speaker Type: Panelist
Carlos joined Alcentra in May 2019 and is a member of the Special Situations team.
Prior to joining Alcentra, Carlos was a Senior Associate at Stellex Capital Management, a private equity fund focused on distressed and special situations in Europe and North America. Before joining Stellex, he was an associate at Evercore in the Special Situations Group. Carlos started his career as an analyst at Bank of America Merrill Lynch in the Financial Institutions Group.
Carlos graduated in Law and Business Administration from ICADE (E-3) in Spain.
Leonardo Lopez
Job Title: Country Head - Iberia & Latam
Organization: ODDO BHF AM
Speaker Type: Moderator
Seasoned Sales executive with over 20 years of experience in the Financial Industry mainly dedicated to the distribution of active and passive funds, ETFs and illiquid alternatives (PE/PD). Deep knowledge of mutual funds distribution in Iberia having worked for Fund Platforms and International Fund Management Companies. Covering Institutional Investors in Latin America such as Pension Funds, Insurance and Fund of Funds Companies. Ability to work in a challenging environment and develop new businesses. Focused on results and team oriented.
Jose Carlos Lopez Moraleja
Job Title: CEO and Founding Partner
Organization: 101 Futures
Speaker Type: Panelist
Jose Carlos López Moraleja is the CEO and founding partner of 101 Futures, a boutique advisory firm specialized in alternative investments, derivatives, and risk management. With over 30 years of experience in financial markets, he holds international certifications such as CAIA, CHP, and ICFA. He focuses on the design and management of quantitative strategies based on volatility and systematic models. Throughout his career, he has held senior positions at firms such as Cortal-Consors (BNP Paribas Group), Daiwa Securities, ODDO, and Prestian Investments, where he developed parametric models, hedging strategies, and quantitative structures aimed at alpha generation. His expertise in systematic Managed Futures strategies dates back to the late 1990s. Through 101 Futures, he advises both institutional and qualified investors, with a strong focus on Hedge Funds, Managed Futures, and multimanager CTA strategies. His deep quantitative expertise positions him as a leading figure in Alternative Investments.
Enrique Marazuela
Job Title: Director for Economic Affairs
Organization: Universidad Pontificia Comillas ICAI-ICADE
Speaker Type: Panelist
Enrique Marazuela, CFA, CAd, is a member of the Investment Advisory Committee of MdF Family Partners.
From 2004 to 2021 he was Chief Investment Officer of BBVA Private Banking in Spain. During his tenure in BBVA, he has held the position of Chairman and CEO of the Asset Management Company “BBVA Patrimonios Gestora”, the largest SICAV (similar to open-ended mutual funds) manager in Spain, and Board member of “BBVA & Partners”, a company which managed several hedge funds (now both companies are merged with BBVA Asset Management).
Before BBVA, he worked for AEGON Spain (from 1996 to 2004), the Spanish subsidiary of the large Dutch insurer, as Chief Investment Officer and member of the Executive Committee of its Spanish unit. He represented AEGON Spain at the Board of Directors of “InverSeguros”, a financial group formed by several Spanish insurers, where he was appointed Vicechairman (2003) and Chairman (2004). Before AEGON, Mr. Marazuela worked as Head of Equity Research in ACF, SVB (Ahorro Corporación Financiera), one of the main stockbroker of the Spanish Stock Exchange (1994- 1996), and as Head of the Investment Department of Banco Urquijo asset management subsidiary, among other positions in the Bank (1990-1994).
He has served for two decades as an editorial board member and regular columnist of the weekly magazine “Inversión”, the most widely read economic magazine in Spain. Now, he is member of the Editorial Board of “Gestores”, a specialised supplement for Asset Managers of “Consejeros”, the Spanish magazine focused on Board Members. Mr. Marazuela media activity is very ample (videos, podcasts, interviews, columns, etc.) and his impact in LinkedIn is noteworthy (over 10.000 followers).
Mr. Marazuela has been President and CEO of CFA Society Spain, for two terms (2016- 2020), the local society in Spain of CFA Institute, and Board member (2012- 2020) for four terms, in both cases the Bylaws limit.
In 2021 he received the “Private Banking Personality of the Year” award from the prestigious European magazine Citywire.
He teaches on fields related to Investments in different leading education institutions (Instituto de Empresa, IEB, AFI, ICADE, etc.). He is a member of the Teachers Team (Claustro de Profesores) of CFA Society Spain, where he teaches Portfolio Management and Private Wealth.
He holds university degrees in both Law and Business Administration, has taken some incompany courses focused on management (Loyola in Baltimore, INSEAD, IESE, etc.). He is CFA charterholder and Certified Advisor-CAd.
Gisela Medina
Job Title: Head of Fund Selection
Organization: BBVA QF
Speaker Type: Moderator
Gisela Medina, CAIA, CESGA, is Global Head of Fund & ETF Selection at BBVA Quality
Funds, BBVA´s Global Third Party Selection Platform.
Ms. Medina has more than 24 years of experience working in financial markets,
in different responsibilities, both in investment management and investments
selection.
She joined BBVA 19 years ago to work in the Proprietary Trading Desk of the
Global Markets Unit, investing in hedge funds. In 2009, she moved to Quality
Funds, the global analysis and selection unit for third party funds for the whole
BBVA group, where she was Head of the Quant Analysis and Selection for
Alternative Funds. In 2019, she became Global Head of Fund & ETF Selection.
Prior to that, Ms. Medina was an Alternative Fund Manager at Ahorro
Corporación and Gesmadrid SGIIC. She started her financial career as a Quant
Analyst in charge of modelling alternative investment programs at Gesmadrid
SGIIC.
Ms. Medina has a Degree in Mathematics from Universidad Complutense de
Madrid (1998) and MSc in Financial Mathematics from the University of Edinburgh
(2001). She is a CAIA charterholder (Chartered Alternative Investment Analyst)
and CESGA certification (Environmental, Social and Governance). She has
obtained the MEFF (Mercado Español de Futuros y Opciones Financieros)
license for trading and clearing.
She is fluent in English, French, Italian and Spanish.
She loves travelling, forest bathing, art and science dissemination. She is a
STEM Ambassador for Inspiring Girls Initiative and used to monitor a young
robotic team for the First Lego League Junior Challenge. She is founder of BBVA
BRG for gender diversity “Move for Equality” and founder of Spanish Banking
Network “Women in Banking”.
Miriam Medina
Job Title: Founding Partner
Organization: Orion Coaching
Speaker Type: Panelist
Miriam Medina Caballero has over 25 years of professional experience. For more than 10 years, she worked at a financial institution, serving as a Member of the Business Committee and Director of Corporate Brand and Strategic Planning. She is certified as a Mentor and Coach by the International Coaching Federation (ICF) and the European Mentoring and Coaching Council (EMCC), as well as in Change Management by Prosci.
She is currently a founding partner of Orion Coaching, a company focused on high-performance programs for executives, and a partner at Kongenio, an External Advisory Board. Her approach combines business strategy with human development, fostering conscious and adaptive leadership in highly complex environments.
Patricia Molpeceres
Job Title: Sales Director
Organization: AllianceBernstein
Speaker Type: Moderator
Patricia Molpeceres is Sales Director of the Iberia region at AllianceBernstein, where she covers all types of clients including institutions, wholesalers and retail. She joined AllianceBernstein in January 2021. Previously she worked for Franklin Templeton Investments during 20 years, where she held several positions including Client Service Manager, Marketing Manager and Senior Sales. Before that, Molpeceres worked at Bank of America in the Structured and Derivatives Desk. She holds a Business Administration Bachelor´s Degree from University Autónoma in Madrid. She is a CAIA charterholder and also holds the CFA Institute Certficate in ESG Investing. Location: Madrid
Tobias Moskowitz
Organization: AQR Capital Management, LLC
Tobias Moskowitz is a Principal at AQR Capital Management, where he is a portfolio manager and a senior member of the Integrated Research group. In this role, Toby contributes to research on asset pricing and investment issues related to domestic and international strategies. He currently holds the Dean Takahashi Chaired Professorship in Finance and Economics at Yale University, is a research associate at the National Bureau of Economic Research, and was formerly the Fama Family Professor of Finance at the University of Chicago Booth School of Business from 1998 to 2016. He has won numerous awards for his academic research, including the 2015 Bernstein Fabozzi/Jacobs Levy Award for the best article in The Journal of Portfolio Management. In 2007, he was awarded the Fischer Black Prize by the American Finance Association, which recognizes the best financial economist under the age of 40, and the Kauffman Prize Medal for Distinguished Research in Entrepreneurship in 2012 by the Kauffman Foundation, which recognizes the largest contribution to entrepreneurial research under the age of 40. His work has been cited in numerous print media, television appearances, and in a 2005 speech by former Federal Reserve Chairman Alan Greenspan. Toby earned a B.S. in industrial management/industrial engineering with honors and an M.S. in finance from Purdue University, as well as a Ph.D. in finance from the University of California at Los Angeles.
Philippe Muñoz Cuellar
Job Title: Head of Liquid Assets
Organization: Orilla AM
Speaker Type: Panelist
Master's in Corporate Finance and Financial Markets from Paris Dauphine University. Philippe was the head of the occupational pension plans department at Santander Asset Management, where he worked for 15 years. Previously, he worked at Société Générale Trading and at Exane (London).
Eduardo Navarro
Job Title: Co-founder and Chairman
Organization: Crescenta
Speaker Type: Panelist
Mr. Eduardo Navarro is a Co-Founder and serves as President and Chairman at Crescenta. He is a Co-Founder and serves as Chairman at Urbanitae. He is the Founding Partner and serves as Chairman at Sherpa Capital. He serves as Chairman, President, and Proprietary director at Nextil Group. He served as Board Member at Ferreira de Sa. He served as Chairman at Unnox Group. He also serves as Memeber of the Madrid Chapter of the Association for Corporate Growth. He also serves as Chairman and President at Dogi International Fabrics. He also serves as an Associate Professor at IESE Business School, Chairman at Improven, and an Associate Professor at ESADE Business School. He has more than 25 years of experience in asset management. He holds a degree in Industrial Engineering from Industrial Engineering.
Alejandro Olivera Guerrero
Job Title: Investment Consultant
Organization: Willis Towers Watson
Speaker Type: Panelist
Alejandro Olivera Guerrero, CAIA, is a seasoned investment professional currently serving as Director and Head of Clients within the Investments division at WTW (Willis Towers Watson) in Spain. In this role, he leads client management efforts, focusing on institutional investors such as pension funds.
Prior to joining WTW, Alejandro worked as a consultant at Mercer, where he specialized in advising institutional clients on investment strategies.
He holds the Chartered Alternative Investment Analyst (CAIA) designation, reflecting his expertise in alternative investments.
Fernando Sanchez Santidrian
Job Title: Head of Alternative Investments
Organization: Caixabank Asset Management
Speaker Type: Panelist
Fernando is the Head of Alternative Investment at CaixaBank AM. He graduated in Economics and Business Administration from the University of Valladolid and later expanded his studies by obtaining the titles of Financial Risk Manager (FRM), Chartered Alternative Investment Analyst (CAIA), and EFFAS Certified ESG Analyst (CESGA), as well as a Master in Banking and Finance and an Executive Master in Quantitative Finance from International Financial Analysts (AFI). He has 25 years of work experience in financial markets, having worked directly for major financial sector entities in risk and investment areas.
Jacobo Silva
Job Title: Senior Analyst
Organization: Omega Asset Management
Speaker Type: Panelist
Jacobo Silva joined Omega Capital in April 2007. In his role as Senior Portfolio Manager, he leads all the efforts on manager selection, portfolio construction on both Fund of Hedge Fund portfolios and tailor made SMAs. Before joining Omega, Jacobo worked as an Associate Director for M&B Capital from 2004 to 2007, where he was a hedge fund analyst focused on multi-strategy managers and a product specialist for institutional investors. Before that, he was a portfolio analyst at CECA (Confederation of Spanish Savings Banks) in London from 2001 to 2004, where he was involved in the manager selection and portfolio management of more than $1bn in institutional assets. Jacobo holds a B.A in Economics from San Pablo CEU University. He studied a MSc. in Finance in City University Business School (London) where he wrote a dissertation focus on merger arbitrage: “The Impact of M&A Activity: The UK Evidence”.
Cristina Tejedor
Job Title: Head of Private Markets
Organization: Santander Private Banking
Speaker Type: Panelist
Cristina Tejedor holds a degree in Economics and Business Administration from the University of Zaragoza and an MBA from IE (2000). Cristina has been involved in the financial world for nearly 25 years. She began her career in strategic consulting (BCG) and later joined Banco Urquijo in the M&A and Syndicated Loans department. Her experience across various departments, always connected to the corporate world, has given her a broad perspective on both debt and equity, which has proven valuable in her work in Private Banking at Banco Santander. Since 2006, Cristina has held various positions in Santander’s Private Banking division. In 2017, SPB decided to launch the Private Markets division, which Cristina has been leading ever since.
Alejandra Valverde
Organization: Orienta Wealth
Speaker Type: Panelist
Alejandra Valverde, CEFA, currently serves as the Chief Investment Officer (CIO) at Orienta Wealth, where she is responsible for overseeing alternative investments. Her role involves leading the firm's strategies in private markets, including private equity, private debt, and other non-traditional asset classes. With over 20 years of experience in portfolio management, Alejandra brings extensive expertise in managing funds, SICAVs, and multi-asset discretionary portfolios. She previously held the position of Managing Director at Alantra Wealth Management, which merged with Orienta Capital in 2024 to form Orienta Wealth. This merger has positioned the firm as a significant player in Spain's private banking sector, managing over €7 billion in assets.
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