Artisan Partners, an investment management company, released its “Artisan Global Discovery Fund” second-quarter 2025 investor letter. In the second quarter, the fund’s Investor Class APFDX returned 10.84%, Advisor Class APDDX posted a return of 10.83%, and Institutional Class APHDX returned 10.93%, compared to a 11.84% return for the MSCI All Country World Small Mid Index. Global markets experienced volatility in Q2, shifting from double-digit declines to gains. Following President Trump's April 2 announcement of tariffs on US trading partners, equities fell sharply. However, on...
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