Meridian Funds, managed by ArrowMark Partners, released its “Meridian Hedged Equity Fund” first quarter 2024 investor letter. Risk assets continued to rise while market volatility remained low in the first quarter, perhaps indicating that investors are becoming somewhat complacent. In the quarter, the fund appreciated 5.46% (net), trailing its benchmark, the S&P 500 Index, which returned 10.56%. Also, the Fund slightly lagged behind its secondary benchmark, the CBOE S&P 500 Buy/Write Index’s 6.02% return. In addition, you can check the top 5 holdings of the fund to know its best...
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