At FundBox we like to have skin in the game, and to co-invest with Clients. We believe that the best way to manage well on behalf of Clients who entrust us with their capital is to align our interests through exposing ourselves to the same risks.

Your interest? Our interest?
We like to align

Many investors complain that governance structures that supervision their relation with managers do not provide them with sufficient control mechanisms. At FundBox we like to crack this nut through co-investment.


Rui Alpalhão, PhD, the founder of FundBox, manages co-investment through FundBox Holdings SA and puts his skin in the game.

Rui Alpalhão was born in Lisbon in 1963, to a brave man and a beautiful woman.

He teaches Finance at the Lisbon University Institute, as a Visiting Associate Professor, and was previously an Assistant Professor at the NOVA School of Business and Economics. Between 1992 and 2002 he was a director of several regulated companies controlled by Banco Totta & Açores, today part of Banco Santander Portugal, and Caixa Geral de Depósitos, the Portuguese Republic’s bank. He left Caixa in 2002 to organize the management buy-in of an inactive fund manager, of which he was Chief Executive between 2003 and 2013 and grew from zero to €620mn AuM under his “FundBox” brand. From 2011 on he has invested his equity alongside FundBox clients through FundBox Holdings, a personal holding set-up in 2005.

He has published two books in Portugal, a textbook on financial investments (in co-authorship) and his doctoral dissertation on the Portuguese nationalizations and privatizations. His research has appeared in international peer-reviewed journals such as “Applied Financial Economics” and “Financial History Review”.

He lives in Lisbon with his wife, a pharmaceutical industry executive, in a tall building with a Tagus view.

BSc Economics, NOVA
PhD Finance, Lisbon University Institute