See What This Hedge Fund Has to Say about the Recent Market Correction

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With this in mind, the investor considers that at this point, market volatility can be helpful for market players. Ariel also added that now it’s not the time to start selling stocks in order to pick higher profits, but rather holding on to positions and even buying more shares, since there are “many bargains” to be explored.

The full text of the letter is available below:

Ariel Investments Commentary August 2015

Ariel holds a diversified equity portfolio across sectors with the largest shares amassed by Services and Financial companies. As of the end of June, Ariel’s two largest positions are represented by financials Lazard Ltd (NYSE:LAZ), in which it owns 5.59 million shares and First American Financial Corp (NYSE:FAF), in which it disclosed holding 7.69 million shares in its latest 13F. The investor also holds substantial stakes in Kennametal Inc. (NYSE:KMT), Bristow Group Inc (NYSE:BRS), and Jones Lang LaSalle Inc (NYSE:JLL), among others.

Disclosure: none

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