The Marque The Marque

Jeremy Hosking

Founder & Portfolio Manager

Hosking Partners

London, UK


Jeremy Hosking
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Richard Hsiao
RHC Group

Jeremy Hosking’s Biography

Jeremy is a prominent British investor and entrepreneur known for pioneering the Capital Cycle approach to equity investing during his time as co-founder of Marathon Asset Management.

In 2013, Jeremy founded Hosking Partners LLP, an independent investment management firm in London, specialising in contrarian global equities and focusing on long-term investments for institutional clients. He is one of four investment partners at Hosking Partners, each of which manages an autonomous sleeve of the portfolio.

Jeremy is a contributing author of the books "Capital Account" and its sequel, "Capital Returns." These works elucidate the Capital Cycle and are essential reading for value-oriented investors.

One of his other notable ventures is in the rail industry, where he co-owns Great Northern Railway, Locomotive Services Limited, and the Royal Scot Locomotive and General Trust. He also holds a significant stake in FirstGroup, one of the largest transport operators in the UK.

His passion for heritage railways drives him to invest in restoring and preserving steam locomotives, demonstrating...
Jeremy is a prominent British investor and entrepreneur known for pioneering the Capital Cycle approach to equity investing during his time as co-founder of Marathon Asset Management.

In 2013, Jeremy founded Hosking Partners LLP, an independent investment management firm in London, specialising in contrarian global equities and focusing on long-term investments for institutional clients. He is one of four investment partners at Hosking Partners, each of which manages an autonomous sleeve of the portfolio.

Jeremy is a contributing author of the books "Capital Account" and its sequel, "Capital Returns." These works elucidate the Capital Cycle and are essential reading for value-oriented investors.

One of his other notable ventures is in the rail industry, where he co-owns Great Northern Railway, Locomotive Services Limited, and the Royal Scot Locomotive and General Trust. He also holds a significant stake in FirstGroup, one of the largest transport operators in the UK.

His passion for heritage railways drives him to invest in restoring and preserving steam locomotives, demonstrating his dedication to British industrial history. Committed to protecting this heritage, he actively supports various heritage railway trusts and museums, ensuring these vital elements of British history are preserved for future generations.

In 2010, Jeremy became a part-owner of Crystal Palace Football Club, playing a crucial role in the club's turnaround and helping it regain stability and return to the Premier League.
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Jeremy Hosking’s Background

Hosking Partners
Founder & Portfolio Manager
2013 - Present
London, UK
Hosking Partners is an independent asset management firm located in London that specialises in global equity investments. The firm manages a long-term global equity strategy powered by capital cycle analysis.
 
Marathon Asset Management
Founding Partner & Lead Portfolio Manager
1986 - 2012
London, UK
Marathon Asset Management is a privately owned investment management firm located in London. The company specialises in long-term, often contrarian strategies for global equity investments aimed at institutional clients.
 
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Media

Hosking Partners
Podcast | "Behind The Balance Sheet."
Jun 2022
London, UK
Jeremy Hosking joined Russell Napier on the 'Behind the Balance Sheet' podcast to discuss the approaching era of financial repression and the significance of capital cycle theory for investors in this context.
 
Hosking Partners
Podcast | "Japan: Land of the Rising Shareholder."
Oct 2023
London, UK
In the third episode of Capital Cyclists, Steven Chambers, an analyst at Hosking Partners, interviews John Seagrim and Jeremy Hosking from CLSA.
 
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Charitable Interests

London & North Western Railway Heritage Co. Ltd.
Owner
2014 - Present
London, UK
London & North Western Railway Heritage Co. Ltd. (LNWR Heritage) specialises in restoring and overhauling steam locomotives for both heritage and mainline railways. Located in Crewe, the company is a part of the Royal Scot Locomotive and General Trust.
 
Royal Scot Locomotive and General Trust
Founder & Owner
2009 - Present
London, UK
The Royal Scot Locomotive and General Trust (RSLGT) is a British charity focused on preserving, restoring, and operating historic steam locomotives. Established in 2009, the Trust manages several iconic locomotives, including the famous Royal Scot.
 

Business Interests

Locomotive Services Limited
Founder & Owner
2014 - Present
London, UK
Locomotive Services Ltd (LSL) is a UK-based company that specialises in the operation, restoration, and maintenance of diesel and steam locomotives. LSL operates heritage rail services and provides locomotives for rail tours.
 
FirstGroup plc.
Co-owner
Aberdeen, UK
FirstGroup plc is a leading UK-based transport company that operates rail and bus services across the United Kingdom and North America.
 
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Jeremy Hosking’s Education