Ariel Investments Small Cap Value Strategy’s Q1 2025 Investor Letter

Ariel Investments, an investment management company, released its “Ariel Small Cap Value Strategy” first quarter 2025 investor letter. Investors’ optimism for another year of U.S. outperformance, fueled by economic momentum and the new administration’s pro-business stance, was overshadowed by tariff fears and policy uncertainty. In the quarter, Ariel Small Cap Value Tax-Exempt Composite decreased -10.60% gross of fees (-10.73% net of fees), against this backdrop, compared to -7.74% and -9.48% returns of the Russell 2000 Value Index and the Russell 2000 Index, respectively. In...