Palm Valley Capital Management, an investment management firm, released the “Palm Valley Capital Fund” second quarter 2024 investor letter. In the second quarter, Palm Valley Capital Fund increased 0.79% compared to a 3.11% and 3.64% decline for the S&P SmallCap 600 Index and the Morningstar Small Cap Index, respectively. In Q2, small caps continued their trend of underperforming big caps. The fund's equity securities saw a slight increase of +0.24% in Q2 before operational expenses (fees). On the other hand, interest received on Treasury bills boosted quarterly profit. At the end of...
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