SouthernSun Asset Management, LLC, an investment management firm, released its “SouthernSun SMID Cap Strategy” third quarter 2024 investor letter. The third quarter of 2024 has reinforced the effectiveness of SouthernSun’s investment philosophy. In the third quarter, the strategy returned 8.98% on a gross basis (8.76% net) compared to an 8.75% return for the Russell 2500 Index and 9.63% for the Russell 2500 Value Index. The fund returned 23.93% on a gross basis (23.00% net) over the trailing 12 months compared to 26.17% and 26.59% returns for the indexes respectively over the same...
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