info@invercasasafi.com

INVERCASA SAFI is the first and only fund management firm in Nicaragua.

Founded in 2013, the company was granted regulatory approval a year later and established the first fund in 2014.

As a subsidiary of Grupo INVERCASA, one the leading conglomerates in the country, we leverage on more than 20 years of experience in the stock market, corporate finance, and asset management to provide our clients with a hands-off approach to their investment portfolio.

Our funds are publicly traded and authorized by the local securities regulator (SIBOIF).

Our Values

  • Accountability
  • Integrity
  • Transparency
  • Honesty
  • Respect

Our Mission

Provide investment opportunities that maximize the equity and add value to our clients, contributing to ease the access to capital markets with products designed for every type of investor.

Our Vision

Become the fund management firm leading in innovation and act as the go-to strategic ally for financial and real estate businesses in Central America.

 Our Board of Directors

Emiliano Maranhao
Chairman

Emiliano has a Master’s in Business Administration from Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM) and Universidad Americana (UAM), as well as a Bachelor’s Degree in Business Administration from Universidad Centroamericana (UCA) in Managua.
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He is an Authorized Broker Agent of the Nicaraguan Stock Exchange (BVDN) and has over 15 years of experience in investment banking, treasury management, trading analysis, business valuation, feasibility studies, asset securitization, mergers and acquisitions, and security structuring.

Emiliano is also the Chairman of the Board of Directors at INVERCASA, our parent company.

Raúl Adolfo Amador Somarriba
Vice Chairman

Raúl Adolfo has a Bachelor’s Degree in Accounting from the Smeal College of Business of Pennsylvania State University, and a Graduate Degree in Finance and Investment through the Nicaraguan Stock Exchange (BVDN) at Universidad Americana (UAM) in Managua.
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He holds a Series 3 License required to trade futures and commodities from the U.S. Commodity Futures Trading Commission (CFTC). Additionally, he is also an Authorized Broker Agent at the Nicaraguan Stock Exchange (BVDN). He specializes in international markets and focuses in technical analysis. Raúl has over 5 years of experience in futures, options, stocks, and ETFs active trading.

Raul also acts as the Vice Chairman of the Board of Directors of INVERCASA, our parent company.

Carlos Eduardo Téllez Páramo
Secretary

Carlos Eduardo has a Degree in Law from the Universidad Nacional Autonoma de Nicaragua (UNAN – Managua) and attended the Executive Program on Legal Aspects of International Business at Georgetown University Law Center together with INCAE Business School.
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He is an outstanding lawyer in Nicaragua, having participated in important transactions, mainly in the financial sector, telecommunications, infrastructure, distribution, commerce, services, and real estate. He has also been involved in the process of revision to introduce changes and motions of laws, decrees and bills to the National Assembly of Nicaragua.

Since January 2010, Carlos Eduardo acts as Managing Partner at the law firm García & Bodan in Managua, where he has worked since 2000.

Jenny Parrales Parrales
Treasurer

Jenny holds a Master’s Degree in Economics by Universidad Centroamericana (UCA) in Managua and a MBA by Keiser University . She also holds a BA in Economics from UCA.
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Over the past 10 years, Jenny has been actively involved in the local stock market while working for our sister company INVERCASA, where she is the current General Manager.

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Our management team

Emiliano Maranhao
General Manager

Emiliano has a Master’s in Business Administration from Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM) and Universidad Americana (UAM), as well as a Bachelor’s Degree in Business Administration from Universidad Centroamericana (UCA) in Managua.
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He is an Authorized Broker Agent of the Nicaraguan Stock Exchange (BVDN) and has over 15 years of experience in investment banking, treasury management, trading analysis, business valuation, feasibility studies, asset securitization, mergers and acquisitions, and security structuring.
Emiliano is also the Chairman of the Board of Directors at INVERCASA, our parent company.

Alejandro José Cáceres Canales
Internal Auditor

Alejandro José Cáceres Canales, has a degree in Public Accounting and Finance, graduated from the Universidad Nacional Autónoma de Nicaragua, Managua (UNAN – Managua). With studies at the level of Master in Finance, which he carried out at UNAN RUCFA Managua; Postgraduate in Advanced Professional Program in Financial Management, at the Universidad Centroamericana, Managua – UCA; Postgraduate in Accounting with an emphasis on International Financial Reporting Standards for Small and Medium Enterprises , IFRS PYMES, at Universidad Rubén Darío and the Colegio de Contadores Públicos de Nicaragua; and Postgraduate degree in International Financial Reporting Standards, at the Universidad Politécnica de Nicaragua UPOLI. As well as seminars and educational programs focused on internal and external auditing and Risk Prevention Management in ML/TF/PF.

Mr. Cáceres has twenty-three (23) years of experience, of which eighteen (18) years were as an internal and external auditor working for Financial Institutions, Audit Firms and Companies of the Commercial Sector, and five (5) years as Compliance Manager of ML/TF/PF Prevention for a Microfinance Financial Institution.

Martha Campos
AML Compliance Officer

Martha has a degree in Business Administration, graduated from Universidad Centroamericana (UCA) in Managua, Nicaragua. He participated in the course “Investments and Financing through the Stock Market” taught by the Nicaraguan Stock Exchange, as well as international seminars and educational programs focused on Risk Management and Prevention in ML/TF/PF.

For more than 8 years she served as Substitute for the Risk Prevention Management in ML/TF/PF at INVERCASA Puesto de Bolsa.

Martha is the Risk Prevention Management in ML/TF/PF of INVERCASA SAFI since May 2019

Melissa Beteta
Suplente Administrador de PLD/FT

Melissa Paola Beteta Guevara has a degree in Public Accounting and Finance, graduated from the Universidad Politecnica de Nicaragua (UPOLI); she is currently pursuing a master’s degree in Finance at the Universidad Naciona Autónoma de Nicaragua (UNAN), has participated in five (5) Central American conferences on the Prevention of Money Laundering, financial crimes, financing and proliferation of massive weapons held by INVERCASA Sociedad Administradora de Fondos de Inversión S, A. as well as seminars and educational program focused on the management Risk Management and Prevention in ML/TF/PF. Beteta has 8 years of work experience, of which 5 years have been as General Accountant of INVERCASA SAFI and investment funds, in addition to supporting the institution’s operations area.

Melissa is the Substitute for the Risk Prevention Management in ML/TF/PF of INVERCASA SAFI since May 2021.

Organizational Structure and internal Policies


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Code of Conduct (in Spanish)

 

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Conflict of Interest Policy (in Spanish)

 

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Bylaws (in Spanish)

 

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Organizational Chart (in Spanish)

 

Account Agreement


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Account Agreement for Individuals (in Spanish)

 

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Account Agreement for Institutions (in Spanish)

 

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Account Agreement for Minors (in Spanish)

 

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Account Agreement for Joint Accounts (in Spanish)

 

Investment Advisors


 

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Registered Investment Advisors

 

 

Press Releases


 

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Press Release August 28, 2018

 

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Press Release June 11, 2019

 

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Press Release August 22, 2019

 

 

 

Financial Statements


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Audited Financial Statements 2014 (in Spanish)*

*published in La Gaceta No. 112, May 17, 2015 and in El Nuevo Diario, May 30, 2015

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Audited Financial Statements 2015 (in Spanish)*

*published in La Gaceta No. 90, May 16, 2016 and in La Prensa, April 30, 2016

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Audited Financial Statements 2016(in Spanish)*

*published in La Gaceta No. 101, May 31, 2017 and in La Prensa, May 6, 2017

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Audited Financial Statements 2017 (in Spanish)*

*published in La Gaceta No. 80, error corrected in La Gaceta 94, May 18, 2018, page 3334 and in La Prensa, May 15, 2018

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Audited Financial Statements 2018 (in Spanish)*

*published in La Gaceta No. 92, May 17, 2019 and in La Prensa, May 21, 2019

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Audited Financial Statements 2019 (in Spanish)*

*published in La Gaceta No. 91, May 21, 2020 and in La Prensa, May 20, 2020

 

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Audited Financial Statements 2020 (in Spanish)*

* Published in La Gaceta No. 102, June 04, 2021 and in La Prensa on May 25, 2021.