Fiduciary Management Inc, an Investment Counsel, released its Q4 2025 investor letter. In its Investment Strategy Outlook, the fund reported solid long-term performance but acknowledged lagging broader indices amid a speculative, AI-driven market rally. A copy of the letter can be downloaded here. Equity markets posted strong gains in 2025, fueled by risk-seeking behavior and heavy concentration in a narrow set of AI-linked stocks, despite historically high valuations. The firm noted that quality-focused and value-oriented strategies underperformed during the year, particularly in small...
Create a free account, or log in to read the full article
No credit card required.
We may use your email to send marketing emails about our services. Click here to read our privacy policy.