Ariel Investments, an investment management company, released its “Ariel Appreciation Fund” third-quarter 2024 investor letter. A copy of the letter can be downloaded here. In the third quarter, all the major U.S. indices posted gains. The Ariel Appreciation fund rose +9.90% in the quarter, trailing the +10.08% return for the Russell Midcap Value Index and outperforming the +9.21% returns of the Russell Midcap Index. In addition, please check the fund’s top five holdings to know its best picks in 2024.
Ariel Appreciation Fund highlighted stocks like CBRE Group, Inc. (NYSE:CBRE),...
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