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AMG River Road Small Cap Value Fund’s Q4 2024 Investor Letter

River Road Asset Management, an investment management company released its “River Road Small Cap Value Fund” Q4 2024 investor letter. In the fourth quarter, AMG River Road Small Cap Value Fund (Class N) returned 7.35% compared to -1.06% returns for the Russell 2000® Value Index. For the year 2024, the fund returned 14.07%, significantly outperforming Index return of 8.06%. Stocks rallied in November after a Republican victory but declined sharply following hawkish Fed comments. Shorter duration stocks, including small caps and value, lost most of their post-election gains by the end...