Horos Asset Management’s Q4 2022 Investor Letter

Horos Asset Management, an investment management firm, published its fourth quarter 2022 investor letter. A copy of the same can be downloaded here. During the fourth quarter, Horos Value Internacional fund gained 13.7% compared to the benchmark’s return of 0.8% while the yearly return of the fund was 4.9% compared to a 13.0% decline for the benchmark. On the other hand, Horos Value Iberia gained 12.1% in the quarter and fell -5.2% in 2022, compared to an 11.9% gain over the quarter and a 2% rise in the year for the benchmark. In addition, check the fund’s top five holdings to know its best picks in 2022.