In The News: 2008

MEDIA QUERIES: Contact Kelly Fitzsimmons at 303-684-6401

The views in these article excerpts and hyperlinks were those of the portfolio manager as of each article's publication date and may be subject to change. Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Please refer the composite's most recent quarter end performance and related information. The article excerpts and hyperlinks reference individual securities that may or may not currently be held by the portfolios.

CNN Money
"Banks Surge On $250B Investment Plan"
October 13, 2008
In an article referencing the U.S. government’s capital injection plan for the financial sector: Banks that have done an effective job of riding out the current market turmoil so far may not see the value in selling stakes to the government, noted Bernard Horn Jr., president and portfolio manager at the Boston-based Polaris Capital Management, which operates the Polaris Global Value Fund. The majority of medium sized institutions are still reasonably healthy, said Horn, whose firm manages about $3 billion.

Bloomberg Radio
"On The Money With Charlie Stein: Global Investing Trends"
October 10, 2008
To listen to the complete audio transcript, click here

Boston Globe
"With Eyes On Washington, Investors Reclaim Ground"
October 1, 2008
News of the Irish government taking action to shore up its financial institutions was received positively in Europe and may have had a positive effect in the U.S., according to Bernie Horn, president of Polaris Capital Management in Boston. Ireland said it would guarantee the deposits and debts of all its major banks, after an index of Irish stocks dropped 13% on Monday, Sept. 29th. Mr. Horn stated that such action settled Europe down a fair amount, and it provided a very well thought out, good example of how governments can actually play a role in fixing a big problem, which is a crisis in confidence.

Dow Jones Newswires
"Polaris Capital’s Horn Hangs On In Rough Market"
September 8, 2008
As he attempts to ride out the storm in the turbulent stock market, Polaris Capital Management’s Bernard Horn, who has much of his own personal fortune tied up in the firm’s portfolios, says he remains confident that the stock picks may eventually win out. Many years of admirable returns in Polaris portfolios are backed by the tried and true tenets of value investing: invest in companies producing stable, diversified and undervalued streams of unencumbered cash. But with the collapse of the U.S. housing market and global credit crunch, traditional value picks have been hampered. Mr. Horn talks about his contrarian picks in U.S. and overseas financials as well as British homebuilders. He plans to hold on to his picks, which he calls the product of Yankee thrift, until other investors begin to look past their “emotional sense” and start looking at the companies themselves.

Business Week
"On The Lookout For Survivors"
July 7, 2008
While many investors search for the next skyrocketing technology or hot-selling product, the best opportunities may lie in industries beaten down by the weakening economy, high oil prices and the credit crunch. Companies that outperform in tough times tend to be great investments when conditions improve, according to Bernie Horn of Polaris Capital Management.

The Motley Fool
"Talking Global Investing With Bernie Horn"
January 17, 2008
In an e-mail interview, Mr. Bernie Horn shares his views about value investing, new investment opportunities, and concerns regarding China. He discussed the firm’s unconstrained pure value equity selection process that is characterized as an active, all-capitalization investment approach. Polaris is considered a deep value manager; management believes that the best way to generate above average risk-adjusted returns is to wait for market fluctuations to produce undervalued companies. Although Polaris is coined as a "value investor," the firm’s real strategy is to invest in companies that management believes are priced to give us a proper rate of return. From Polaris’ perspective, this is not just value investing: it is correct investing.

Media Archives

2008

2007

2006

2005

2004