Meridian Funds, managed by ArrowMark Partners, released its “Meridian Hedged Equity Fund” first quarter 2025 investor letter. A copy of the letter can be downloaded here. The uncertainty surrounding prospective tariff policies weighed on investor sentiment and risk assets in the first quarter of 2025. The fund returned -0.15% (net) in the quarter compared to the S&P 500 Index’s -4.27% return and its secondary benchmark, the CBOE S&P 500 Buy/Write Index’s -3.09% return. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.
In its first-quarter...
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