Strong Commercial Revenue Growth Lifted First American Financial Corporation (FAF) in Q1

Ariel Investments, an investment management company, released its “Ariel Small Cap Value Strategy” first quarter 2025 investor letter. A copy of the letter can be downloaded here.  Investors’ optimism for another year of U.S. outperformance, fueled by economic momentum and the new administration’s pro-business stance, was overshadowed by tariff fears and policy uncertainty. In the quarter, Ariel Small Cap Value Tax-Exempt Composite decreased -10.60% gross of fees (-10.73% net of fees), against this backdrop, compared to -7.74% and -9.48% returns of the Russell 2000 Value Index and...