Silver Alpha AM is the name of the new Spanish manager presented to the market. Created by the former heads of Beka’s liquid funds, Fernando Cifuentes and Javier Martín, they have an annualized return of 10% over the last five years as a letter of introduction to their flagship product, the vehicle Alpha Vision Silver Shareswho takes over Beka International Select Actionswhich maintains the same strategy: investing in good companies at reasonable prices, as Martín, investment director and partner of the company, explained during a meeting with the media.
“We look for recurrence of business results and invest at reasonable prices, rather than focusing on finding the best possible price,” which takes them away from the classic philosophy. valuewhich attempts to find undervalued companies to take advantage of a medium-term bullish catalyst, and makes them advocates of quality investmenta strategy that has become fashionable in recent years.
“The buffet is linked to the value investmentbut it’s a quality book,” said Martín, who cited luxury company Monclear and venture capital managers as examples of what this strategy means and what they have incorporated into their portfolio.
The manager also Silver Alpha Optima Globalwhich they also managed during their previous stage at Beka and which combines direct investment in stocks with that of ETFs according to certain parameters, and Silver Alpha Optima Mixedfor the most conservative clients, with a weighting of 70% in bonds. They also have two advisory mandates, a Spanish SICAV, Ceretania de Inversiones, and another in Luxembourg.
In total, the firm was born with nearly 180 million euros in assets under management, including 130 in its flagship product, and 3,000 clients. And among its objectives is to have its own venture capital company to manage alternative investments linked to venture capital in North American technology companies. A project which is still awaiting regulatory procedures before the regulator.
