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Ariel Fund’s Q1 2026 Investor Letter

Ariel Investments, an investment management company, released its “Ariel Fund" Q1 2026 Investor Letter. The fund declined 1.48% in the quarter, underperforming both the Russell 2500 Value and Russell 2000 Value indices, which returned 4.77% and 4.96%, respectively. The S&P 500 posted its worst quarterly decline since Q3 2022, driven by escalating conflicts in the Middle East, rising energy prices, increasing bond yields, and diminishing expectations for interest rate cuts. The firm attributed performance to gains in holdings, supported by long-term growth themes like AI-driven power...