Silver Alpha AM is the name of the new Spanish manager that is 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% in the last five years as a letter of introduction to their star product, the vehicle Silver Alpha Vision Equitieswhich picks up the baton of Beka International Select Equitieswhich maintains the same strategy: investing in good companies at reasonable prices, as explained by Martín, the investment director and partner of the firm, during a meeting with the media.
“We look for recurrence in the results of companies and invest at reasonable prices, rather than focusing on finding the best possible price”, which separates them from the classic philosophy. valuewhich tries to find undervalued firms to take advantage of a medium-term upward catalyst, and turns them into defenders of the quality investinga strategy that has become fashionable in recent years.
“Buffet is related to the value investingbut it is a quality book,” said Martín, who pointed to the luxury firm Monclear and venture capital managers as examples of what this strategy means and what they have incorporated into their portfolio.
The manager also has Silver Alpha Optima Globalwhich they also managed in their previous stage at Beka and which combines direct investment in shares with that of ETFs according to certain parameters, and Silver Alpha Optima Mixedfor more conservative clients, with a weight of 70% in fixed income. In addition, they 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 of assets under management, of which 130 are in its flagship product, and 3,000 clients. And among its objectives is to have its own venture capital company to manage alternative investments related to the venture capital in North American technology firms. A project that is still pending regulatory procedures before the regulator.
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