Baron Asset Fund’s Q1 2024 Investor Letter

Baron Funds, an investment management company, released its “Baron Asset Fund” first quarter 2024 investor letter. US markets continued its strong rally in the first quarter. Robust economic data and relatively strong corporate earnings boosted the rally along with the anticipation of a soft landing of the market. The fund (Institutional Shares) appreciated 6.00% in the quarter compared to 9.50% for the Russell Midcap Growth Index and 10.56% for the S&P 500 Index. Stock selection and...