Sound Shore Management, an investment management firm, has released its investor letter for the fourth quarter of 2024. The fund’s Investor Class (SSHFX) and Institutional Class (SSHVX) appreciated 1.25% and 1.32% respectively, in the fourth quarter of 2024, trailing 2.41% return for the Standard & Poor’s 500 Index (S&P 500), and outperforming 1.98% return for the Russell 1000 Value Index (Russell Value). It was a strong year for the portfolio with both SSHFX and SSHVX returning 22.58% and 22.82%, well ahead of the Russell Value’s 14.37% return. In addition, please check the...
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