What Hosking Partners does

Hosking Partners is an independent investment management partnership founded in London in 2013 by Jeremy Hosking, a co-founder of Marathon Asset Management and pioneer of the capital cycle approach to investing. The firm operates a single global equity strategy, the Hosking Global Equity Fund, structured as a Luxembourg-domiciled UCITS vehicle holding approximately 370-408 stocks across regions, sectors, and market capitalisations. Its investment process is organised around a multi-counsellor platform in which five portfolio managers — Jeremy Hosking, Luke Bridgeman, Omar Malik, Django Davidson, and (from January 2026) Michael Godfrey — each run an independent sleeve within the unified global portfolio, with average holding periods of around ten years.

The capital cycle framework is the firm's analytical core: rather than forecasting demand, portfolio managers analyse supply-side dynamics, industry consolidation, capital flows, and competitive structure to identify mispricings, then hold positions through long cycles. The strategy is reported to have outperformed the MSCI ACWI Value index with lower volatility over every trailing period since inception in 2013, including a 33.5% net return in 2025 and 39.1% net over the twelve months to Q1 2026.

Hosking Partners generates revenue through management fees and a long-term aligned performance fee structure. Distribution is direct and relationship-driven, targeting institutional investors (pension funds, endowments, foundations) and family offices / high-net-worth individuals globally. Marketing channels include an owned insights publication (Hosking Post), the Capital Cyclists podcast, an annual Spring Drinks client event, and a LinkedIn presence. The firm employs 11-50 staff, holds regulatory authorisations evidenced by MIFIDPRU 8 disclosures, and reports through multiple jurisdictional reporting fund filings. Beyond public equities, the firm has selectively backed private situations, including supporting portfolio holding Tiny Ltd's 2025 acquisition of a 66% stake in Serato Audio Research.

Name

Hosking Partners

Legal name

Hosking Partners LLP

Website

https://hoskingpartners.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Hosking Partners is a London-based independent investment management partnership founded in 2013, managing a single diversified global equity fund for institutional investors and family offices using a multi-counsellor capital cycle framework.

Ownership category

akta.pro rank

Product category

Global Equity Investment Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Large-Cap Equity (Active) (FSAAAIAA)

akta.pro secondary industry

Multi-Strategy — Multi-Manager Platform (Pods) (FSAHAFAA)

Keywords

• Institutional investment management
• Global equity fund
• Capital cycle investing
• Active equity strategy
• Long-term value investing

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Management fees and performance fees: As a long-term active investment manager, Hosking Partners generates revenue through management fees and performance fees. The firm employs a long-term performance fee structure designed to align manager and investor horizons, reinforcing their shared long-term investment approach.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Hosking Partners manages a single diversified global equity strategy, the Hosking Global Equity Fund, holding approximately 370-408 stocks across regions, sectors and market caps. The strategy is operated through a multi-counsellor structure in which five portfolio managers run distinct sleeves within the unified portfolio, applying a capital cycle investment framework that focuses on supply-side dynamics, industry consolidation, and capital flows.

Product overview

Hosking Partners operates a single global equity strategy, the Hosking Global Equity Fund, which is a diversified portfolio of approximately 370 stocks. The fund uses a multi-counsellor structure with five portfolio managers (Jeremy Hosking, Luke Bridgeman, Omar Malik, Django Davidson, and Michael Godfrey), each managing their own sleeve within the global portfolio. The investment approach is based on capital cycle analysis, focusing on supply-side dynamics rather than demand forecasting. The firm does not offer separate product modules; all clients invest in the same unified strategy with variations only in the individual portfolio manager sleeves.

Differentiator

Problem solved

Functional benefit

Products and services

• Hosking Global Equity Fund A diversified global equity fund managed using the capital cycle investment approach, holding approximately 370-408 stocks across regions, sectors and market caps. Distributed through a Luxembourg-domiciled UCITS structure to professional and institutional investors including pension funds, endowments, foundations, and family offices worldwide.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Marathon Asset Management: London-based global investment firm where Hosking's founders (Jeremy Hosking and Luke Bridgeman) worked for 26 years. Marathon pioneered the capital cycle approach, making it the closest philosophical and cultural peer to Hosking Partners.
• Orbis Investments: Boutique global equity manager with a contrarian, valuation-driven approach and long holding periods. Similar client base of sophisticated long-term investors and a comparable diversified global equity mandate.
• Lindsell Train: UK-based boutique global equity manager focused on long-term, concentrated holdings in durable franchises. Comparable size, philosophy of patient capital, and institutional/family office client base.
• Harding Loevner: Global equity manager employing fundamental, multi-counsellor-style research with a quality-growth orientation. Similar institutional client focus and a comparable boutique active global equity franchise.
• Pzena Investment Management: Global value equity manager applying a systematic fundamental approach to contrarian investing. Comparable diversified global equity product, deep value discipline, and institutional client base.
• Artisan Partners: Multi-boutique active asset manager with independently-led global equity investment teams running distinct sleeves. Closest analogue to Hosking's multi-counsellor structure at greater scale.

Broad incumbents

• Redwheel (RWC Partners): London-based active asset manager where Hosking's MD Paul Larché was previously COO. Comparable UK active equities franchise with broader product suite across value, ESG, and emerging markets.
• Algebris Investments: Global investment firm where Hosking PM Django Davidson was previously a partner. Overlapping global equity capability with broader fixed income and credit offerings across institutional and private wealth channels.
• Wellington Management: Large independent investment manager where Hosking PM Omar Malik previously worked. Multi-portfolio-manager global equity platform at substantially greater scale, with comparable talent pedigree.
• Schroders: Major UK-based global asset manager competing for the same institutional and family office global equity mandates. Provides scale, multi-asset solutions, and global distribution that boutique managers cannot match.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/hosking-partners-llp

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hosking Partners