Aristotle Capital Management, an independent/employee-owned investment management organization, published its “International Equity ADR Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. For the first quarter of 2022, Aristotle Capital’s International Equity ADR Composite posted a total U.S. dollar return of -9.75% gross of fees (-9.86% net of fees), underperforming the MSCI EAFE Index, which returned -5.91%, and the MSCI ACWI ex USA Index, which...





