Ariel Investments Global Fund’s Q1 2025 Investor Letter

Ariel Investments, an investment management company, released its “Ariel Global Fund” first-quarter 2025 investor letter. In the first quarter of 2025, investors challenged the idea of “American exceptionalism.” After record highs in January, U.S. markets fell due to tariff fears and policy uncertainty, with the Magnificent Seven dropping nearly 15% due to concerns over America’s AI leadership. Meanwhile, international equity markets outperformed the U.S. in their strongest quarterly...