Ace River Capital, an investment management company, released its second-quarter 2025 investor letter. The fund returned -5.33% in the second quarter. The fund underperformed this quarter, primarily due to difficulties in several key holdings, despite no significant changes to the fundamental value of the businesses. The firm’s focus continues to be on a select group of high-quality small-cap companies that have sustainable economics, strong management, and the capacity to reinvest profitably. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.
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