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Fiduciary Management Inc.’s Q1 2024 Investor Letter

Fiduciary Management Inc. (FMI), an independent money management firm, released its first quarter 2024 investor letter. The first quarter of this year saw the continuation of last year's stock market momentum, with growth stocks leading the way across market capitalization and geographical areas. The Small Cap Strategy rose 9.2% (gross) / 9.0% (net), in the quarter compared to 5.18% and 2.90% for the Russell 2000 Index and Russell 2000 Value Index. FMI Large Cap Strategy gained 8.7% (gross) / 8.6% (net) compared with 10.56% and 8.86% for the S&P 500 and iShares Russell 1000 Value ETF,...