Heartland Advisors, an investment management company, released its “Heartland Mid Cap Value Fund” fourth quarter 2024 investor letter. Investors remained cautious going into the quarter as the Federal Reserve initiated its first rate-cutting cycle since the global pandemic, inflationary pressures seemed to be decreasing, and the probability of a recession appeared to be fading. The fund was down 5.50% in the quarter compared to 1.75% fall for the Russell 2000 Value Index. Stock selection was positive in Consumer Discretionary, Materials, and Consumer Staples sectors. In addition, you...
Create a free account, or log in to read the full article
No credit card required.
We may use your email to send marketing emails about our services. Click here to read our privacy policy.