Letter to our co-investors 2Q19
Dear co-investor,
The end of May marked one year since the launch of Horos, a project dedicated to maximising returns for our investors in the long term. They have been twelve months of hard work and dedication on the part of the entire firm, to which the confidence and trust of our investors has served as an incentive to work everyday to the highest possible standards. The confidence of our investors demonstrates that we have a customer base that shares and understands our investment philosophy.
In these first twelve months we have experienced enormous volatility in the markets as a whole and strong corrections in a large number of stocks, which have impacted the short-term results of our portfolios. While understanding how we invest can make these periods of uncertainty and negative returns easier to bear, we think it may be useful to reflect on and review what may be expected from our form of investing. It is to this end that we dedicate the present document.
Thank you for your confidence. Yours sincerely,
ı———ı
Javier Ruiz, CFA
Chief Investment Officer
Horos Asset Management
Últimas publicaciones
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.…...
October 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…...
August 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....
May 9, 2024
Dear co-investor, First of all, I would like to take this opportunity to wish you all the best for the new year. We concluded 2023 with two reasons for celebration....
January 29, 2024
Dear co-investor, This quarter, the management team formed by Alejandro, Miguel and myself is celebrating eleven years working in the complex and fascinating world of investing. A period in which we have remained faithful to the same investment principles and in which we have always…...
October 9, 2023
