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Horos AM Buys Shares in the Socimi Merlin & Retains its Stake in Meliá

The 'value' fund manager has acquired a stake in the Socimi Merlin Properties as part of its strategy for its Iberian portfolio in the first quarter.

Torre Chamartín Cuatro Torres Madrid. Merlin Properties
Cuatro Torres in Madrid.

Investment manager Horos AM has increased its investment in several Spanish listed companies such as Catalana Occidente, Sonae and Talgo and has acquired shares in the Socimi Merlin Properties as part of its strategy for its Iberian portfolio in the first quarter. All of this in a context of sharp falls in the market in the face of economic uncertainty resulting from the pandemic.

In parallel, the ‘value’ manager led by Javier Ruiz has liquidated its position in the investment bank Alantra Partners and has reduced its weight in the investment holding company Corporación Financiera Alba, as reported by Europa Press.

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