Hori­zon loss.

Kathimerini English - - Focus -

Hori­zon Cap­i­tal Man­age­ment, which sus­pended its hedge fund in June due to its ex­po­sure to non-trad­ing Greek as­sets, lost nearly 8 per­cent over the last two months, a let­ter to in­vestors seen by Reuters showed. The Uruguay­based firm, which said it has re­opened the fund for fresh sub­scrip­tions and re­demp­tions af­ter the Greek stock mar­ket started trad­ing on Mon­day, for the first time in five weeks, dis­closed its first net as­set value since May. The Hori­zon Growth Fund, which man­ages $146 mil­lion, had nearly a third of its cap­i­tal in Greece just be­fore the coun­try im­posed cap­i­tal con­trols. The ex­po­sure stood at 21 per­cent in July with Public Power Cor­po­ra­tion and in­fra­struc­ture firm El­lak­tor among its top-three

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