At the recent Value Invest New York 2025, Django Davidson, founding partner and portfolio manager at Hosking Partners, delivered a compelling presentation on the firm's Capital Cycle investment approach—a contrarian framework developed in the early 1980s by Jeremy Hosking at Marathon Asset Management and now championed by Hosking Partners, which manages approximately $5.5 billion in institutional assets.
Exclusive Conference Offer: 20% off Hedge Fund Alpha subscriptions from March 26-31. With Code Conference. Don't miss out!
The Capital Cycle Framework
Davidson began by explaining the fundamental principles of the Capital Cycle theory, which provides investors with a powerful lens for understanding market inefficiencies. The framework, displayed prominently in his presentation, illustrates how investor expectations frequently overshoot reality.
Membership Required
You must be a member to access this content.
