Hotchkis & Wiley Global Value Fund’s Q2 2026 Investor Letter

Hotchkis & Wiley, an investment management company, released its second-quarter 2026 investor letter for the “Global Value Fund.” In Q2 2026, the MSCI World Index rose by +13.8% and the MSCI World Value Index by +9.2%, despite challenges like rising inflation and the Iran conflict. The US now comprises about 71% of the MSCI World Index, with notable gains in semiconductor and AI-related stocks, some exceeding 100%. The market showed speculative behavior, especially with high-beta and...