Mar Vista Investment Partners, LLC, an investment management company, released the “Mar Vista Focus strategy” third quarter 2024 investor letter. A copy of the letter can be downloaded here. The S&P 500®Index rose for the fourth consecutive quarter in Q3 2024, indicating a good period for the U.S. stock market. In the third quarter, the strategy returned +3.39% net-of-fees compared to +3.19% and +5.89% returns for The Russell 1000 Growth Index and the S&P 500 Index. The market appears to be entering an easing cycle, with interest rates not exceeding historical norms, perhaps boosting...
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