Ecovyst (ECVT) Traded Lower in Q1. Here’s Why

Hotchkis & Wiley, an investment management company, released its “Hotchkis & Wiley Value Opportunities Fund” first quarter 2025 investor letter. A copy of the letter can be downloaded here. In Q1 2025, the Russell 3000 Index declined -4.7%, driven by the mega-cap growth stocks. The Magnificent Seven represented over 28% of the Russell 3000 Index in the quarter, collectively experiencing a decline of 14%. The value outperformed its growth counterpart in the first quarter. The fund...