The Bestinver Group
is a financial services company founded in 1987
and 100% owned by
(one of the leading infrastructure, energy and services
companies in Spain, listed Ibex 35 member). We currently manage more than €6
through six mutual funds, 33 Sicavs and three pension funds.
The three basic cornerstones of our management are:
based on "Value Investing".
Focus on returns, not AuM.
Since we began managing our first fund in 1991, we have always endeavoured to
unlock value in each and every investment we make
. Our commitment is
based on an in-depth knowledge of the business of each and every one of the
companies comprising our portfolios, and our aim is to obtain a “reasonable”
average return, which can be seen in the value of our management, as we always
avoid speculative or “irrational” investments. We believe that the best way of
obtaining this return for our clients is by investing in well-managed,
under-valued businesses, which we understand and boast large long-term upside
We began investing in Spanish equities in 1993 and in the past 14 years we have
achieved an average
of 23,10%. In 1998 we decided to start investing in
international equities, obtaining an average
of 13,77% over nine years. In 1994 we were awarded the
first of many prizes for the best Spanish equities fund and since then we have
been awarded 39 other prizes from the most prestigious mutual fund rating
Due to the returns achieved and especially given the solid performance of our
Funds and Sicavs during the stock market crash of 2000-2002 -in 2002 our
Spanish equities fund obtained an 8% return vs. a 28% fall by the Ibex- our
customer numbers have swelled to more than 32,000 whilst we currently have the
second largest Spanish equity fund.
ACCIONA is one of the
leading Spanish and international business groups in the development, promotion
and management of Infrastructure, Real Estate, Renewable Energies and Services
The company is present in five
and employs more than 30,000 people. It trades on the
selective IBEX-35 index and has a market capitalisation of around 2600 billion
positioning is based on two main features which encompass all its activities:
sustainability and social wellbeing are key to economic growth, ecological
balance and social progress.
Acciona has 6 main business
, as well developing Other Businesses and interests in the
financial and food sectors:
- Real Estate
- Logistics and Transport Services
- Urban and Environmental Services
In 2011, ACCIONA
recorded net profit of 189,4 million €, a 6,3% decrease. Sales were
7.016 million €, a 5,6% increase. EBITDA increased a 9% to 1.431 €,
whilst EBIT increased 2,3% to 646 million €.
Collective Investment Institution
Registered Number 103]
Mutual Funds and Sicavs
Manager (open ended investment company)
Management from €6mn
Pension Fund Manager
Registered Number G0179]
Bestinver Sociedad de Valores
Pension Fund Manager
Registered Number 74]
Member of the Madrid Stock
90% of managed assets
are in equities.
11,64% market share in
Spanish equity funds (4th largest).
Second largest Spanish
equities fund (Bestinver Bolsa
independent of Acciona.
In 2003 Bestinver was
chosen by Sycomore Asset Management among all Spanish fund managers to
co-manage the Synergy Smaller
, a pan-European mutual fund managed by several fund managers
in France, Germany, Holland, Italy and Spain with a Value investment approach
and an excellent long term track-record.
Bestinver currently has
several management contracts for both its national and international portfolios
with a range of international financial entities that have set up their own
funds and Sicavs and entrusted Bestinver with their management (Manager of
manager).Our Bestinver Bolsa
funds have been selected by various foreign financial
institutions and advisors for inclusion in their funds of funds portfolios and
Sicav (open-end investment) funds.
In 2006, Bestinver’s two
managers have been awarded the top rating (triple A) by Citywire, Europe’s
foremost fund manager analysis agency. Only ten people in Spain have been
awarded this rating.
the only Spanish equity funds to end 2002 with positive returns, generating
8.25% and 8.17% respectively, compared to a correction in the IBEX-35 that year
of 28.1%, its biggest loss since 1991.Since 1994, Bestinver’s investment funds
have received 89 prizes from the three leading investment fund analysis houses:
Morningstar, Lipper and Standard & Poors.
BRIEF HISTORY OF BESTINVER
Sociedad de Valores
Bestinver becomes a member of the Madrid Stock
Exchange. Tibestfond, Bestinver's first mutual fund, is created.
Bestinver's first equity fund, is created.
Bestinver receives its
: Bestinfond wins the Expansión newspaper's
Salmón award for the best Spanish equity fund. Bestinver recibe su
primer premio: Bestinfond es elegido mejor fondo de renta variable española en
los premios Salmón del Diario Expansión.
, Bestinver's first pension fund, is set up.
Our first global equity fund is constituted.
Bestinver's Spanish equity funds sustanied their
first and only annual loss in a year that featured the tech boom.
Bestinver's managers, faithful to their
, opt not to invest in technology stocks given their
Bestinver is rewarded for having shied from these
stocks by outperforming both the domestic and
in the year by more than 27%.
Global stock market losses suffer their third
straight year of losses caused by the bursting of the tech bubble.
are the only Spanish equity funds to end the year in the black. Despite
outperforming its benchmark by 6%, Bestinver
sustained a loss, hurt by the dollar's depreciation.
Bestinver Gestión wins the Inversión magazine
for best equity fund manager of the year.
Bestinver is chosen to co-manage
Synergy Smaller Companies
, a pan-European value fund managed by the
leading value fund managers in the various countries.
wins the Lipper-5D
as the best 5-year global fund.
the Morningstar-Intereconomía award for mixed funds for the
second year running. 2000-2005 Bestinver wins 37 equity management
Assets managed by Bestinver exceed
. Bestinver Mixto
fund is launched. Bestinver managers
awarded top rating (triple A) by Citywire
Bestinver wins best equity manager award
(Inversión magazine). Three of our funds win
Funds Awards as the best performers in the five-year period
category. We also win four S&P
awards. Bestinver Hedge Value Fund is launched.