Ariel Investments, an investment management company, released its “Ariel Fund” third-quarter 2024 investor letter. A copy of the letter can be downloaded here. Due to the economy's resilience and forecasters' expectations of a soft landing, all major U.S. indices saw gains in the third quarter. The Federal Reserve turned its attention to the state of the labor market as interest rate reduction was implemented. Against this backdrop, Ariel Fund appreciated +12.08% in Q3 outperforming both the Russell 2500 Value and Russell 2500 indices, which returned +9.63% and +8.75%. For more...
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.