Baron International Growth Fund’s Q4 2022 Investor Letter

Baron Funds, an investment management company, released its “Baron International Growth Fund” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund gained 14.85% (Institutional Shares), and its principal benchmark MSCI ACWI ex USA Index, returned 14.28%. The MSCI ACWI ex USA IMI Growth Index gained 12.73% in the same period. The fund declined 27.29% in the year due to rising interest rates and deteriorating liquidity conditions....