Wasatch Global Investors, an asset management company, released its “Wasatch Micro-Cap Value Strategy” third-quarter 2024 investor letter. A copy of the letter can be downloaded here. On Wednesday, September 18, the Federal Reserve reduced its key interest rate by half a percentage point, marking its first cut since 2020. Following this announcement, stocks reached all-time highs as the Fed indicated there would be more cuts planned for this year and the next. The strategy posted gains, outperforming the benchmark Russell Microcap® Index, which increased 8.29% during the quarter. In...
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