Here’s Why Meridian Funds Invested in Photronics (PLAB)

Meridian Funds, managed by ArrowMark Partners, released its “Meridian Contrarian Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here.  In the second quarter, the fund returned -16.52%, compared to a -16.98% return for its benchmark index the Russell 2500 Index. However, it underperformed the Russell 2500 Value Index, the fund’s secondary benchmark, which returned -15.39% in the quarter. In addition, you can check the top 5 holdings of the fund to know...