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Firebird US Value Fund’s Q3 2024 Investor Letter

Firebird Management LLC, an investment management company, released its “Firebird US Value Fund” Q3 2024 investor letter. With a 0.5% decrease in the federal funds rate in the third quarter of 2024, the interest rate-lowering cycle appears to have begun. There is disagreement among market analysts over the final rate setting, however, it is generally agreed that at least one additional interest rate cut will occur in 2024. The portfolio has generated more than $124 thousand in operating cash flow for every $1 million in market value during the past 12 months. Over the following five...