Ariel Fund’s Q4 2024 Investor Letter

Ariel Investments, an investment management company, released its “Ariel Fund” fourth-quarter 2024 investor letter. Global markets in 2024 exceeded forecasts, primarily due to the overwhelming success of the “magnificent seven,” or mega-cap technology stocks. Despite the concentration of gains, the optimism was fueled by the U.S. election results, solid earnings growth, and a healthy labor market. The fund returned -0.66% in the quarter trailing both the Russell 2500 Value and Russell 2500 Indices, which returned -0.26% and +0.62%, respectively. Ariel Fund increased +11.80%, outpacing the Russell 2500 Value Index’s +10.98% return and just short of the Russell 2500 Index +12.00% gain, over the trailing one-year period. For more information on the fund’s top picks in 2024, please check its top five holdings.

A copy of Ariel Fund’s Q4 2024 investor letter can be downloaded here.