Hosking Partners is a London boutique founded in 2013 by Jeremy Hosking, a portfolio manager at Marathon Asset Management for over 25 years. It runs a single global equity strategy built on the capital-cycle, supply-side approach — contrarian, long-term, and unusually diversified (350+ holdings) under a multi-counsellor model, managing around $5.5bn.
This report says that after a year of shocks, old market beliefs like quantitative easing, passive investing, and ESG policies are being re-evaluated. The fund sees this as an opportunity for patient, value-focused investors. They avoid getting stuck in details, step back to see the big picture, and honestly admit 'I don't know' to many questions. No specific stocks are mentioned, but the tone is cautiously optimistic, suggesting markets are returning to reason.
The author believes that over the past year, the market has experienced the consequences of multiple shocks and financial adventures. As old orthodoxies are reassessed, patient, value-oriented investors are facing opportunities.