Horos Asset Management’s Q1 2023 Investor Letter

Horos Asset Management, an investment management firm, published its first quarter 2023 investor letter. A copy of the same can be downloaded here. During the quarter, Horos Value Internacional fund returned 6.0% in the volatile market environment compared to a 5.4% rise in its benchmark index and Horos Value Iberia was up 6.1% in the same period, compared to a 10.8% rise of its benchmark. Since Horos’ inception on May 21, 2018, Horos Value Internacional returned 34.0%, compared to a 47.1% gain of its benchmark index, while Horos Value Iberia has returned 10.9%, slightly below its index’s 13.4% return.  In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.