Monday, February 6, 2023

The career of Massimo Malvestio: areas of expertise and achievements

Massimo Malvestio started his professional path in 1990 with the establishment of “Studio Legale Barel Malvestio & Ass.”, law firm where he successfully led the commercial law practice until 2013. In the past, he also served as legal consultant to several Italian and European banks, listed companies, and the largest enterprises in Northeast Italy. In addition to this, he sat on the boards, audit panels, and investment committees of banks, asset managers, and brokerage houses – both in Italy and abroad. He subsequently entered the world of finance and asset management: he is in fact the founder of Hermes Linder Fund SICAV and Praude Asset Management Ltd.

Massimo Malvestio

Massimo Malvestio: from the legal profession to entering the financial world

Massimo Malvestio was born in Treviso (Italy) in 1961. Soon after graduating in Law from the University of Padova, he enrolled in the Register of Lawyers and qualified to represent clients before the Italian Supreme Court. He also passed the examination to become “Procuratore alle grida” at the Milan Stock Exchange’s trading floor. It was in 1990 that he took the leap and decided to found “Studio Legale Barel Malvestio & Ass.” law firm (later renamed “BM&A”). As Managing Partner of the firm’s commercial law practice, he specialized in banking law, financial markets law, governmental enterprises and financial crime law. When he took a step back from the legal profession in 2014, the law firm had 4 offices in Italy and employed more than 40 lawyers. Previously, he embarked on a new professional experience: in 2004 he established Hermes Linder Fund SICAV, which proved to be a very successful fund as confirmed by the results obtained and the international awards received. With a deep understanding of value investing – in particular in major equity European markets – Massimo Malvestio led his fund to record extraordinary results: these include a track record of performance of over 625.57% (compared to the fund’s launch value) and, as of May 31, 2022, an accrued performance for investors (net of fees) of 11.30%.

Massimo Malvestio today and his career as a writer

Hermes Linder Fund SICAV’s excellent performance was confirmed by several international awards, including the Thomson Reuter Lipper Fund Award for “Best Fund” over 3 years (“Equity Europe 2017” category) and a “five-star rating” assigned by Morningstar. The fund is managed today by Praude Asset Management Ltd., asset management company that Massimo Malvestio established in 2009. The value investing expert currently holds the roles of Portfolio Manager and Chairman of the company’s Investment Committee. He is also the author of two books: “Credito Cooperativo – Storia di Uomini Bisogni e Successi in Veneto” (Marsilio, 2006) and “Mala Gestio: Perché i Veneti Stanno Tornando Poveri” (Marsilio, 2012). As part of his writing career, for ten years Massimo Malvestio was a columnist for “Corriere del Veneto” (the Veneto edition of “Corriere della Sera” newspaper). He also wrote several articles on banking and finance matters for research institutes, newspapers and news portals in Italy. As of today, he is a Member of “Society of Trust and Estate Practitioners” (STEP) and, in the past, he spoke at their international conference.

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