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Baron Small Cap Fund’s Q1 2024 Investor Letter

Baron Funds, an investment management company, released its “Baron Small Cap Fund” first-quarter 2024 investor letter. A general sense of optimism was prevalent in the market, driven by the conviction that the economy remained robust, inflation was moderating, and rate cuts were anticipated shortly. Baron Small Cap Fund had an outstanding first quarter and performed well ahead of the Russell 2000 Growth Index (the Benchmark). The fund returned 11.81% (Institutional Shares) in the quarter while the benchmark returned 7.58%. One-third of the benchmark’s performance was driven by the...