Aristotle Capital Boston, LLC, an investment advisor, released its “Small/Mid Cap Equity Strategy” fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. The volatility that was seen in 2024 persisted into the fourth quarter. SMID caps reported modest gains in the fourth quarter, with the Russell 2500 index yielding a total return of 0.62% and a year-to-date total return of 11.99%. In the fourth quarter, the fund delivered a return of -0.45% net of fees (-0.37% gross of fees) underperforming the Russell 2500 Index’s 0.62% total return. Security selection...
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