Concerns About Consumer Demand and Potential Tariff Impacted The Honest Company (HNST)

Meridian Funds, managed by ArrowMark Partners, released its “Meridian Contrarian Fund” first quarter 2025 investor letter. A copy of the letter can be downloaded here. U.S. equities saw their weakest quarterly performance since 2022, as uncertainty about potential tariff policies affected investor sentiment and risk assets. In this environment, the fund returned -7.59% (net) during the quarter, slightly behind the -7.50% returns of the Russell 2500 Index and underperforming the -5.83% returns of the secondary benchmark, the Russell 2500 Value Index. In addition, please check the...