Baron Small Cap Fund’s Q4 2023 Investor Letter

Baron Funds, an investment management company, released its “Baron Small Cap Fund” fourth-quarter 2023 investor letter. Baron Small Cap Fund had a strong fourth quarter and a full year in 2023, both on absolute and relative bases. The fund was up 12.64% (Institutional Shares) in the fourth quarter and appreciated 27.19% for the year. This was essentially in line with the performance of the Russell 2000 Growth Index (the Benchmark) in the fourth quarter, which was up 12.75% and...