• 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 380m as at 30th November 2019.

    Founded by John Horseman in July 2000 the company provides money management expertise covering various equity strategies.

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  • Russell Clark
    CEO, CIO

    November 2019 Clearing Houses and Initial Margin

    "During the financial crisis, the size of the derivative market became an issue. In the post crisis period, regulators have moved from a bank-centric risk model to a clearinghouse-centric model."

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  • Russell Clark
    CEO, CIO

    November 2019 An Autocallable Bubble

    "Dividend futures tend to track equities closely, so their divergence can indicate an autocallable bubble."

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  • Russell Clark
    CEO, CIO

    October 2019 Russell Clark on Clearing House Mispricing

    "Clearing houses take a backward-looking view on risk. 2017 was the year of lowest average volatility ever but, as this rolls off the back of the look back period, will margins increase?"

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  • Russell Clark
    CEO, CIO

    August 2019 Thinking of Government Bonds as Long Term Currency Futures

    "Bond yields can also reflect views on currencies. Is 1.6% on a 10-year US treasury enough compensation for likely weakness in the currency?"

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  • Shannon McConaghy
    Portfolio Manager

    July 2019 Copy Print Decline

    "Global photocopier and printer sales are in structural decline, largely due to an ongoing shift from paper-based work-flow and communications to digital."

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