Ariel Fund’s Q2 2025 Investor Letter

Ariel Investments, an investment management company, released its “Ariel Fund” second-quarter 2025 investor letter. The second quarter was a volatile period. Stocks fell sharply in early April following the “Liberation Day” tariff announcement, pushing the market close to bear market territory. Later, the pause in plans led to a strong recovery. Excitement for artificial intelligence (AI) stocks reignited, with positive economic data and strong corporate earnings driving U.S. indices...