Horos Asset Management, an investment management firm, published its third quarter 2024 investor letter. A copy of the same can be downloaded here. During the quarter, Horos Value Internacional fund returned 2.9% (9.8% in 2024) and Horos Value Iberia fund returned -0.2% (3.0% in 2024). Asian markets have experienced unheard-of volatility in the third quarter of 2024, with the Chinese and Japanese stock markets experiencing sharp fluctuations not seen in decades. Equities markets in the West, meanwhile, have held steady, with key indices continuing their relentless rise. In addition, you...
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