Horos Asset Management 2Q21 Commentary
Horos Asset Management commentary for the second quarter ended July 31, 2021. Q2 2021 hedge fund letters, conferences and more Dear co-investor, In the second quarter, the positive performance that started in November 2020, with the announcement of the launch of coronavirus vaccines, continued. In this "new" environment, value investing has performed well, proving that patience and short-term losses are often essential ingredients for reaping the rewards over the long term. Our funds, of course, attest to this. Horos Value Internacional gained 6.3% over the quarter, compared to 6.4% in its ben...