Ariel Investments, an investment management company, released its “Ariel Small/Mid Cap Value Strategy” fourth-quarter investor letter. A copy of the same can be downloaded here. In the fourth quarter, the Ariel Small/Mid Cap Value Composite delivered 12.21% gross of fees outperforming both the Russell 2500 Value Index and the Russell 2500 Index, which returned +9.21% and +7.43% respectively. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.
Ariel Small/Mid Cap Value Strategy highlighted stocks like Affiliated Managers Group, Inc. (NYSE:AMG) in the Q4 2022 investor letter. Based in West Palm Beach, Florida, Affiliated Managers Group, Inc. (NYSE:AMG) is an investment management company. On March 15, 2023, Affiliated Managers Group, Inc. (NYSE:AMG) stock closed at $135.94 per share. One-month return of Affiliated Managers Group, Inc. (NYSE:AMG) was -17.35%, and its shares lost 6.22% of their value over the last 52 weeks. Affiliated Managers Group, Inc. (NYSE:AMG) has a market capitalization of $4.875 billion.
Ariel Small/Mid Cap Value Strategy made the following comment about Affiliated Managers Group, Inc. (NYSE:AMG) in its Q4 2022 investor letter:
“Boutique asset manager, Affiliated Managers Group, Inc. (NYSE:AMG) also advanced in the quarter on robust earnings. While global equity and quantitative outflows continue to moderate, AMG is experiencing strong investment performance within the alternatives segment as well as generating higher performance fees across its diversified set of strategies. Looking ahead, management remains excited about its pipeline of new investments in secular growth areas such as private markets, dedicated ESG strategies, liquid alternatives and wealth management. Meanwhile, AMG continues to take advantage of the company’s low valuation, actively retiring 25% of AMG’s shares outstanding since 2019.”
Affiliated Managers Group, Inc. (NYSE:AMG) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 33 hedge fund portfolios held Affiliated Managers Group, Inc. (NYSE:AMG) at the end of the fourth quarter which was 33 in the previous quarter.
We discussed Affiliated Managers Group, Inc. (NYSE:AMG) in another article and shared Longleaf Partners’ views on the company. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
