Meridian Contrarian Fund’s Q3 2024 Investor Letter

Meridian Funds, managed by ArrowMark Partners, released its “Meridian Contrarian Fund” third quarter 2024 investor letter. The U.S. Federal Reserve, “Fed”, reduced interest rates by 0.5% on September 18, offering much-needed relief to investors. This key decision aimed to stabilize the markets following a turbulent August filled with worries about declining job market indicators. Against this backdrop, the fund returned 6.85% (net) during the quarter underperforming the 8.75% returns of the Russell 2500 Index and 9.63% returns of the secondary benchmark the Russell 2500 Value Index. In addition, please check the fund’s top five holdings to know its best picks in 2024.

A copy of Meridian Contrarian Fund’s Q3 2024 investor letter can be downloaded here.