Horos Asset Management’s Q4 2021 Investor Letter

Horos Asset Management, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be seen here. Since the inception of Horos (May 21, 2018), Horos Value Internacional has returned 20.6%, below the 60.4% gain of its benchmark, while Horos Value Iberia has returned 10.2%, outperforming the 1.3% gain of its index. Moreover, since 2012, returns stand at 195% for the international strategy and 176% for the Iberian strategy, compared to 230% and 71% in their benchmark indices, respectively. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.