The mixed fixed income fund of Horos Asset Management (AM), "Horos Patrimonio", has managed to attract more than 55 million euros and gather 1,300 participants in its first seven years of trajectory, according to data released by the management company in a statement.
This vehicle, which began its journey at the end of October with initial subscriptions of 27 million in just one month, has accumulated a profitability of 2.73% since its launch and 1.60% so far in 2026, thus beating the return target of 4.5% that had been set initially.
The average duration of the "Horos Patrimonio" portfolio is below three years and investment decisions are made by consensus by the management team, made up of Javier Ruiz, Miguel Rodríguez, Alejandro Martín and Juan Luis Fresneda.
In its early years, the fund increased its presence in debt issuances from the energy company Kinetics, the Spanish Cirsa, the French Forvia and the 'teleco' Liberty Costa Rica.
The management company continues with positions in the Spanish Inmobiliaria del Sur and participated in the takeover bid (OPA) by Bondalti for the shares of Ercros, included in the fund's segment focused on special situations.
Likewise, "Horos Patrimonio" decided to reduce its exposure to the bonds of TGS and Vermilion Energy after the notable performance of these assets.
In total, Horos AM is now approaching 500 million euros in managed assets, almost double that of the first half of 2025, and exceeds the figure of 22,000 participants.