Ariel Investments, an investment management company, released its “Ariel Small Cap Concentrated Value Strategy” third-quarter 2025 investor letter. US equities continued their rally in the third quarter, fueled by the Federal Reserve's initial rate cut of the year, strong corporate earnings growth, and increased market participation. In the quarter, Ariel Small Cap Concentrated Value Composite returned +15.08% gross of fees (+14.93% net of fees) compared to +12.60% and +12.39% returns of the Russell 2000 Value Index and the Russell 2000 Index, respectively. In addition, you can check...
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