Francisco Garcia Parames: Biography, Career, and Business Insights

Francisco Garcia Parames’s Profile Summary

Company	Cobas Asset Management
Position	Chairman and Chief Investment Officer (CIO) of Cobas Asset Management
Source of wealth	Management and performance fees from Cobas Asset Management, previous management roles at Bestinver
Also known as	Author, public speaker, long-term investment philosophy advocate.
Age	61
Education	Complutense University of Madrid - Bachelor's degree in Economics, IESE Business School - MBA
Citizenship	Spain
Residence	Madrid, Spain
Family	Francisco García Paramés is married to María Ángeles León, and they have children together.
Website, Social Media	https://www.cobasam.com/

Francisco Garcia Parames’s biography

Francisco García Paramés, born in 1963 in Galicia, Spain, is a well-known Spanish investment fund manager. He earned a degree in Economics from the Complutense University of Madrid and later pursued an MBA at the prestigious IESE Business School. Paramés began his career in 1989 at Bestinver Asset Management, where he quickly rose to prominence as a leading figure in value investing. Over a span of more than two decades, he managed Spanish and international equity portfolios, achieving impressive long-term returns. His investment philosophy is deeply influenced by the teachings of value investing giants like Benjamin Graham, Warren Buffett, and Peter Lynch. After leaving Bestinver in 2014, Paramés founded Cobas Asset Management in 2016, continuing his focus on value investing while maintaining a disciplined approach rooted in the Austrian Business Cycle Theory. He is also the author of the book Invirtiendo a largo plazo (Investing for the Long Term), where he shares insights into his investment strategies and philosophies. Paramés is recognized as one of Europe’s leading asset managers

How did Francisco Garcia Parames make money?

Francisco Garcia Parames makes money in the following areas:

Management and performance fees from Cobas Asset Management, previous management roles at Bestinver
What is Francisco Garcia Parames net worth?

As of 2025, Francisco Garcia Parames’s net worth is estimated to be $15M.

What is Francisco Garcia Parames also known as?

Francisco García Paramés is also recognized as the author of Invirtiendo a largo plazo (Investing for the Long Term), a book where he outlines his investment principles and long-term strategies. He is a public speaker who shares insights on value investing and the Austrian business cycle theory. His presentations and writings have made him a respected voice in financial education, particularly within the European investment community

Prominent achievements of Francisco Garcia Parames

Paramés is widely regarded as one of Europe's top asset managers, having achieved substantial long-term outperformance while managing Bestinver funds. His Spanish equity funds outperformed benchmarks by tripling returns between 1993 and 2007. He is the author of Invirtiendo a largo plazo and is celebrated for founding Cobas Asset Management. In 2016, he was awarded an honorary PhD by Francisco Marroquín University in Guatemala for his contributions to investment management

What are Francisco Garcia Parames’s key insights?

Francisco García Paramés follows a strict value investing philosophy, heavily influenced by the teachings of Warren Buffett, Benjamin Graham, and Peter Lynch. He emphasizes patience as a key competitive advantage and prefers long-term investments, particularly in family-owned companies with strong fundamentals. Paramés is known for his skepticism of market timing, focusing instead on undervalued assets and disciplined portfolio management. He advocates for maintaining a concentrated portfolio with significant liquidity buffers to manage volatility

Francisco Garcia Parames’s personal life

Francisco García Paramés is married to María Ángeles León López, a notable figure in her own right, who is involved in philanthropy and impact investing. Together, they have a family, though specific details about their children are generally kept private from the public sphere. His wife has contributed significantly to the founding of the Open Value Foundation, which focuses on social impact

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