Fiduciary Management Inc. (FMI), an independent money management firm, released its “FMI Small Cap Equity Strategy” fourth-quarter 2024 investor letter. The investment philosophy of the firm is to invest in durable business franchises that are selling at a discount to their intrinsic value. In the fourth quarter, the strategy returned -0.63% (gross) and -0.81% (net) compared to 0.33% return for the Russell 2000 Index. In addition, please check the fund’s top five holdings to know its best picks in 2024.
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