RS Investments, an investment management company, released its “RS Concentrated All Cap Value Strategy” third quarter 2024 investor letter. During the third quarter, the rally of the year persisted, with the broad market, indicated by the S&P 500® Index, posting nearly a 6% return. This brings the total return to over 22% for the first three quarters of the year. However, there has been a shift in market breadth. In the third quarter, the strategy underperformed its benchmark Russell 3000® Value Index (the “Index”) and returned 7.4% net versus a return of 9.5% for the Index. The...
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