Bernard Horn

Bernard Horn

Last Update: 2014-02-26

Number of Stocks: 80
Number of New Stocks: 2

Total Value: $212 Mil
Q/Q Turnover: 4%

Countries: USA FIN THA FRA HKG GBR DEU ITA KOR JPN CHE CAN BEL SWE NOR
Details: Top Buys | Top Sales | Top Holdings  Embed:

Bernard Horn' s Profile & Performance

Profile

Polaris Global Value Fund

Investing Philosophy

Our philosophy is based on two basic beliefs: (i) country and industry factors are important determinants of security prices, and (ii) global market fluctuations produce mispriced stocks. Global markets have proven generally efficient over time, but investor behavior creates volatility that leads to inefficiency somewhere in the world. During these periods, the stock price may not reflect a company’s long-term fundamental valuation and/or future cash flows. We seek to buy such undervalued companies worldwide.

Historical Allocation of Stock, Bonds, Cash

Total Holding History

Performance of Polaris Global Value Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
201336.9431.555.4
20122115.45.6
2011-8.162.08-10.2
3-Year Cumulative52.2 (15%/year)55 (15.7%/year)-2.8 (-0.7%/year)
201020.6415.065.6
200935.4626.469.0
5-Year Cumulative148.7 (20%/year)125.5 (17.7%/year)23.2 (2.3%/year)
2008-46.19-37-9.2
2007-3.975.61-9.6
200624.5715.798.8
200510.524.915.6
200423.631211.6
10-Year Cumulative118.7 (8.1%/year)104.1 (7.4%/year)14.6 (0.7%/year)
200347.0628.718.4
20023.82-22.125.9
20012.21-11.914.1
2000-5.82-9.13.3
199916.521-4.5
15-Year Cumulative274.5 (9.2%/year)98.3 (4.7%/year)176.2 (4.5%/year)
1998-8.8528.6-37.5
199734.5533.41.1
199623.34230.3
199531.8237.6-5.8
1994-2.781.3-4.1
20-Year Cumulative626 (10.4%/year)483.2 (9.2%/year)142.8 (1.2%/year)
199325.710.115.6
19929.787.62.2
199117.1830.5-13.3
1990-11.74-3.1-8.6

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