Browse the world's most comprehensive database of hedge fund investor letters, sorted by recent quarter. Access primary source research from leading institutional managers.
Browse the world's most comprehensive archive of hedge fund manager letters. Access primary source research from leading institutional managers, sorted by reporting period.
Ariel Fund returned +12.39% in Q3 2025, outperforming the Russell 2500 Value Index, as small-cap value stocks began correcting their historical valuation discounts relative to mega-caps.
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Ariel Fund returned +12.39% in Q3 2025, outperforming the Russell 2500 Value Index, as small-cap value stocks began correcting their historical valuation discounts relative to mega-caps.
