# Amber Capital

Amber Capital is an Asset Manager based in London, United Kingdom.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** London, United Kingdom
- **Region:** Europe
- **Address:** London, United Kingdom
- **Founded:** 2005
- **Assets under management:** Undisclosed
- **Website:** www.ambercapital.com
- **LinkedIn:** https://www.linkedin.com/company/66677

## Regulatory record

- **CRD number:** 293867
- **SEC file number:** 802-121453
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/293867

## About

Amber Capital manages value-oriented and event-driven strategies in global equity markets with a focus on Europe. It has a philosophy of shareholder engagement and draws on experience in fundamental analysis and corporate governance. Investments are executed by a team of senior professionals who collaborate with management teams, boards and stakeholders to create sustainable long-term value. Amber Capital is a signatory to the UN Principles of Responsible Investment (UN PRI) since June 2020.

## Sectors

- Industrials
- Media & Entertainment
- Energy Transition & Renewables
- Financials

## Offices

- Milan, Italy

## People

- Joseph Oughourlian — Founder & Chief Investment Officer

## Questions

### What is Amber Capital's core investment geography?

Amber concentrates almost exclusively on Southern Europe, with confirmed activist and event-driven positions concentrated in Italy, France, and Spain. The firm does not maintain meaningful exposure to Northern European, UK, or North American markets — a deliberate structural choice that differentiates it from the broader London hedge-fund universe.

### Which companies has Amber Capital publicly targeted in activist campaigns?

Public filings and local press confirm Amber has built activist stakes in Lagardère (French media and publishing), Mediaset (Italian broadcasting, now MFE-MediaForEurope), and FCC (Spanish construction and services). Across these campaigns, Amber sought board representation, strategic divestitures, and governance overhauls — occasionally through contested shareholder votes.

### Does Amber Capital run a concentrated portfolio or a diversified book?

Amber operates a concentrated portfolio model. Rather than holding a wide array of positions, the firm deploys significant capital into a small number of high-conviction activist and special-situation bets — a posture that makes each campaign material to fund returns and aligns with Oughourlian's direct-engagement style.

### Does Amber Capital manage permanent capital or only traditional fund vehicles?

Amber Capital manages capital through traditional hedge-fund vehicles with periodic liquidity terms rather than a permanent-capital structure. The firm does not publicly market a closed-end permanent-fund product, distinguishing it from some family-backed activist peers that lock up client capital indefinitely.

## Related profiles

- [Ambassador Enterprises](https://altss.com/profile/ambassador-enterprises)

---

Last updated: 2026-08-11T15:06:04.815Z

Canonical page: https://altss.com/profile/amber-capital

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology