Intermoney, which is part of the CIMD group, manages more than €4.5bn in assets. They stand out due to consistently placing most of their funds in the first and second performance quartiles, and thanks to their history of good results. In addition, they stand out in the fixed income credit market. The Avance Multiactivos fund, under the direction of Javier García Teso, has maintained its position in the first decile by performance in its category since its inception.
Javier García Teso began his career in the investment banking and wealth advisory departments of Morgan Stanley in London. He was the co-founder and head of research for the Ben Oldman Special Situations Fund which launched in 2013 with a strategy focused on special situations and focused on credit investments. During that period, the fund grew from €15m to €200m in three years, and it achieved a net return of more than 100%.
Intermoney is the exclusive supporter of the Stoneweg Surf Parks project, a pioneering initiative in Europe developing state-of-the-art wave parks in strategic cities such as Madrid, Birmingham, and Lisbon. With Wavegarden technology and top-tier partners such as Club Atlético de Madrid, this vehicle combines sport, lifestyle, and sustainability, offering consistent surfing experiences that are available year-round, complemented by retail, gastronomy, and wellness.
This project represents a unique investment opportunity in a rapidly expanding global market—surfing already has more than 40 million practitioners worldwide—and does so with a unique offering that projects target returns exceeding 20%. The platform seeks to position itself as a pan-European leader in surf parks, providing exclusive access to a high-growth alternative asset with a strong social and environmental impact.
On the other hand, CIMD Intermoney strengthens its FX Agency operations with greater liquidity depth, new FX spot and FX options capabilities, and an independent and transparent electronic execution model. The platform expands its banking and non-banking coverage, offering institutional clients more efficient and competitive access. At the same time, Intermoney Consultoría supports institutions in the implementation of regulatory reporting, advising on the correct application of regulatory criteria and assessing the reporting process through sector benchmarking.
Presentation of Javier García Teso, Fund Manager at Intermoney, at the Tenvalue Annual Conference (12 minutes):
Top positions of Avance Multiactivos (June 2025):
– USA (3.4%)
– France (3.2%)
– Intesa Sanpaolo (2.4%)
– USA (2.3%)
– Santander (2.3%)
Maturity: 3.8
IRR: 5%
