Carta a los inversores 2T18

We began 2025 with two clearly distinct periods, shaped by the tariff policy announced by the U.S. government in April. Its significance compels us to dedicate a large portion of this letter to analyzing what happened and sharing our perspective....

abril 23, 2025

We have just closed a very satisfactory 2024 for Horos Asset Management. This year we have seen how a project that we started six years ago has consolidated itself within the competitive world of Spanish asset management...

enero 9, 2025

Dear co-investor, The third quarter of 2024 has seen unprecedented volatility in Asian markets, with dramatic swings in the Japanese and Chinese stock markets not seen in decades. Meanwhile, in the West, equity markets have remained relatively stable, with major indices continuing their relentless rise.…...

octubre 29, 2024

Dear co-investor, After wrapping up the second quarter of 2024, we can highlight few new developments in financial markets. The reality is that the euphoric dynamics in the technology sector persist, to a greater or lesser extent, pushing the U.S. stock market to new highs…...

agosto 6, 2024

Dear co-investor, The start of 2024 has once again been very positive for global equities, continuing the excellent performance already shown in 2023. Our Horos Value Internacional and Horos Value Iberia funds have been part of this trend, posting returns of 5.9% and 1.1%, respectively....

mayo 9, 2024