BOULDER, Colo. and SANTA BARBARA, Calif., March 1, 2011 /PRNewswire/ -- Horus Capital Management, LLC, an investment adviser registered in Colorado and California ("Horus"), today announced the commencement of operations. With offices in Boulder, Colorado and Santa Barbara, California, Horus seeks to provide investors with long-term capital appreciation by utilizing quantitative investment techniques. To identify compelling investment opportunities, Horus will use proprietary software licensed from Parascript, LLC, a leading Colorado-based provider of image analysis and pattern recognition technology. Horus will be led by Shannon Peace, who brings more than 10 years of investment and securities industry experience.
Horus intends to utilize a proprietary, quantitative computer model that integrates a variety of fundamental data, valuation metrics, and growth parameters. The software employs advanced pattern recognition technology, which allows Horus to better assess individual stocks for inclusion in the portfolio based on a determination of the most undervalued and the most overvalued stocks.
"Parascript's pattern recognition technology has been successfully applied to a number of diverse markets," said Alexander Filatov, president of Parascript. "We are happy to extend its benefits to the investment community via this arrangement with Horus."
"We are very excited to employ Parascript's proven pattern recognition technology to assist in our goal of significantly outperforming the relevant market index," said Shannon Peace, chief investment officer of Horus.
"We have an incredible team of professionals working together to initiate and operate Horus, all of whom have a combined 100 + years of experience in business, law, finance, accounting, and administration," said William Pearlman, CEO of Horus. "We are all looking forward to serving our investors, in the same manner that Parascript has served its customers in its software business, through hard work, honest dealing, principled business practices, and a dedication to excellence. It's what we do!"
About Horus Capital Management, LLC
Horus Capital Management is an investment adviser licensed in Colorado and California. Horus, the ancient Egyptian deity of mathematics, is symbolized by the falcon and its extraordinary ability of sight, accuracy and action. We chose our name to reflect our strengths as a company and our focus on quantitative investment disciplines. The Horus Capital Management mission is to employ sophisticated and specifically engineered technology in the service of our clients' investment goals. Horus Capital Management is online at http://www.thehorusfund.com.
About Parascript, LLC
The Parascript image analysis suite extracts meaningful information from images. Employing patented digital image analysis and pattern recognition technologies, the Parascript image analysis suite improves decision quality in medical imaging, postal and payment automation, fraud detection, and forms processing operations. Parascript software processes over 100 billion imaged documents per year. Fortune 500 companies, postal operators, major government, and financial institutions rely on Parascript products. Organizations include the U.S. Postal Service, Bowe Bell + Howell, CheckFree – now part of Fiserv, Elsag, Lockheed Martin, NCR, Siemens, and Unisys. Parascript is online at http://www.parascript.com.
SOURCE Horus Capital Management, LLC