Meridian Funds, managed by ArrowMark Partners, released its “Meridian Growth Fund” third quarter 2024 investor letter. A copy of the letter can be downloaded here. On September 18th, the U.S. Federal Reserve ("Fed") reduced interest rates by 0.5%, bringing much-needed relief to investors. This crucial action contributed to stabilizing the markets following a volatile August. During the quarter, small-cap stocks outperformed large-cap stocks, achieving gains of 9.3% and 6.1%, respectively, according to the Russell family of indices. In the quarter, the fund returned 6.78% (net)...
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