• 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 720m as at 30th June 2019.

    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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  • Russell Clark
    Portfolio Manager

    July 2019 Peak Drilling in the Permian

    "If growth in US oil activity has been a key driver of durable goods and activity, the change in US oil drillers from accumulating DUCs to running them down, should lead to a slowdown in employment growth."

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  • Russell Clark
    Portfolio Manager

    July 2019 Lessons From Japan 2019

    "Despite the Bank of Japan’s best efforts, the Nikkei still has a tendency to move with employment."

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  • Russell Clark
    Portfolio Manager

    June 2019 Stock Markets and Dividend Futures

    "If investors are looking at the stock market as an alternative to corporate bonds, the risk/reward looks poor."

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  • Russell Clark
    Portfolio Manager

    June 2019 Cryptocurrency Update

    "The value traded in Bitcoin in 2019 has far surpassed the levels seen at the peak, in late 2017. Yet strangely, the rally in 2019 seems to lack the hype and hysteria seen previously."

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  • Russell Clark
    Portfolio Manager

    May 2019 Are Macro Markets Saying That Implied Volatility is Too Low?

    "Even before contemplating US – China relations, or problems in the Eurozone, markets are sending signals that market prices of volatility are too low and about to move higher."

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