# SM Investors

SM Investors is a Private Equity based in New York, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** 7 East 60th Street, 2nd Floor, New York, NY 10022
- **Founded:** 1997
- **Assets under management:** Undisclosed
- **Website:** sminvestors.com
- **LinkedIn:** https://www.linkedin.com/company/sm-investors

## Regulatory record

- **CRD number:** 155549
- **SEC file number:** 801-72307
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/155549

## About

SM Investors is an SEC-registered investment adviser in New York, NY, registered since 2011. The firm manages approximately $95 million in regulatory assets. It has 2 employees and 2 investment advisers.

## Sectors

- Telecommunications
- Media
- SPACs

## People

- Salvatore Muoio — Chief Investment Officer
- Alessandro Ciarnelli — Director of Research

## Questions

### Who makes investment decisions at SM Investors?

Salvatore Muoio, the founder and CIO, is the sole decision-maker. He has run the firm's concentrated value strategy since 1997, supported by Director of Research Alessandro Ciarnelli, a generalist analyst who has worked alongside him since 2003.

### How does SM Investors source investment ideas?

The firm relies exclusively on proprietary, bottom-up research. Muoio and Ciarnelli build independent estimates of a company's intrinsic value rather than acting on sell-side reports. Muoio's board seats at LICT Corporation and CIBL, Inc. provide additional industry and operational visibility.

### What investment strategies does SM Investors run?

The firm runs a long-only, concentrated value-equity strategy and a dedicated merger-arbitrage sleeve. Both are built around publicly traded companies where the team's intrinsic-value estimate diverges from market price, with a focus on telecom, media, and related sectors.

### Does SM Investors disclose its assets under management?

No. SM Investors does not publicly disclose AUM or total deployment. The firm has not published a fund size or capital-raise figure, and no external publication has reported a verified number.

## Related profiles

- [Smile Invest](https://altss.com/profile/smile-invest)
- [Smith Affiliated Capital](https://altss.com/profile/smith-affiliated-capital)

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Last updated: 2026-06-03T20:00:00.000Z

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