Meridian Hedged Equity Fund’s Q2 2024 Investor Letter

Meridian Funds, managed by ArrowMark Partners, released its “Meridian Hedged Equity Fund” second quarter 2024 investor letter. In the quarter, the fund appreciated 0.92% (net), trailing its benchmark, the S&P 500 Index, which returned 4.28%. Also, the Fund lagged behind its secondary benchmark, the CBOE S&P 500 Buy/Write Index’s 1.49% return. The firm’s approach puts controlling negative risks ahead of pursuing excessive profits. It anticipates that capital preservation in bear markets will eventually play a significant role in the long-term compounding of returns. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2024.

A copy of Meridian Hedged Equity Fund’s Q2 2024 investor letter can be downloaded here.