Aristotle Capital Global Equity Strategy’s Q3 2023 Investor Letter

Aristotle Capital Management, LLC, an investment management company, released its “Global Equity Strategy” third quarter 2023 investor letter. A copy of the same can be downloaded here. In the third quarter, the fund returned ‐4.06% gross of fees (‐4.13% net of fees), underperforming the MSCI World Index’s ‐3.46% return and the MSCI ACWI Index’s ‐3.40% return. The underperformance of the strategy relative to the MSCI World Index can be attributed to security selection, while allocation effects had a positive impact. At the same time, underperformance relative to the MSCI World Index was due to both allocation effects and security selection. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.