Cove Street Capital Small Cap Value Fund’s Q3 2024 Investor Letter

Investment management company Cove Street Capital recently released its “Small Cap Value Fund” third quarter 2024 investor letter. The firm concluded an unsatisfactory fiscal year of operations. It owns a few not-so-good holdings and some delayed-gratification positions since the market generally dislikes small-cap value stocks. In the third quarter, the fund returned 3.70% (net of fees) compared to 9.27% for the Russell 2000 Index and 10.15% for the Russell 2000 Value Index. In...