Ariel Investments, an investment management company, released its “Ariel Small Cap Value” Q1 2026 Investor Letter. A copy of the letter can be downloaded here. It is reported that its Ariel Small Cap Value strategy delivered a modest gain of 0.92% net of fees in the first quarter of 2026, slightly outperforming the broader Russell 2000 Index’s +0.89% gain but lagging the Russell 2000 Value Index’s +4.96% gain. The firm said the quarter was marked by a sharp risk-off environment, with U.S....
