WPP (WPP) Slid on Weaker-Than-Expected Results

Hotchkis & Wiley, an investment management company, released its “Hotchkis & Wiley Global Value Fund” first quarter 2025 investor letter. A copy of the letter can be downloaded here. In Q1 2025, the MSCI World Index decreased by 1.8%, driven by the decline of mega-cap growth stocks. The Magnificent Seven represented over 22% of the MSCI World Index in the quarter, collectively experiencing a decline of 14%. The Hotchkis & Wiley Global Value Fund returned 5.96% in the quarter, outperforming the MSCI World Value Index’s 4.81% return. For more information on the fund’s best picks in...