• Horseman Capital Management is an investment company that provides money management expertise to eligible counterparties and professional clients.

    Total assets under management are over USD 2.6bn as at 31st May 2016.

    Founded by John Horseman in July 2000 the company provides money management expertise covering various equity strategies. We are owned entirely by the founding partners and directors …

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  • John-Paul Burke
    Portfolio Manager

    June 2016 Real Value as the Canary Signals Danger

    "Korean trade data is widely regarded as a “canary in the coalmine” because of the timeliness of releases and the high correlation with the export growth of other economies. In this respect Korean exports to individual countries can serve as an indicator of their growth."

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  • Russell Clark
    Portfolio Manager

    June 2016 The Weak Fundamentals of Sterling - Regardless of the Referendum

    "The UK has by far the largest current account deficit of the G4 currencies.  Notably, it is the only one of the G4 nations with a current account deficit larger than pre financial crisis levels."

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  • Shannon McConaghy
    Portfolio Manager

    April 2016 Japanese Monetary Policy Monster

    “The most concerning thing in Japan yesterday was that bond yields fell, even as the BOJ decided not to enlarge its destructive policies. It’s existing “three dimensional” JGB eating monster continued to pound yields lower to feed the current ¥80tn program. Banks are bearing the brunt of the yield compression and many may not survive.”

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  • Russell Clark
    Portfolio Manager

    March 2016 Why does the Nikkei always start falling before the S&P 500?

    "One of the curious things over the last few years, is that despite the last two bubbles in markets being mainly US centred (dot com bubble and US housing) it has been the Japan based Nikkei that has peaked 3 to 6 months before the S&P 500".

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  • Russell Clark
    Portfolio Manager

    March 2016 Is Saudi Arabia Still The Swing Producer?

    "Saudi Arabia is the world’s largest exporter of oil, and since 1970 has been the linchpin within OPEC, increasing and decreasing supply to support oil prices.  Since late 2014, Saudi Arabia has committed to increasing production to force lower oil prices and reclaim market share."

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