Broad Run Investment Management is an Arlington, Virginia-based investment management firm. In its Q4 investor letter, Broad Run reported that the Focus Equity Composite returned 20.2% net of fees for the year ended December 31, 2017, compared to 21.1% for the Russell 3000 Index.
Meanwhile, for the fourth quarter, the composite returned 6.0% net of fees, compared to 6.3% for the Russell 3000 Index, according to the investment firm.
Broad Run was founded in 2012 by Brian Macauley, David...