Baron Funds, an investment management firm, released its “Focused Growth Fund” second quarter 2024 investor letter. The fund decreased 0.21% (Institutional Shares) in the second quarter outperforming the Russell 2500 Growth Index’s (the Benchmark) 4.22% decline. It became clear throughout the quarter that the Federal Reserve's (the Fed) restrictive actions over the previous year were starting to reduce employment, job growth, and inflation. The deceleration of economic growth gave investors hope that the Federal Reserve would begin reducing interest rates as early as this fall. ...
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