Q4 2022 Concentrated All Cap Value Commentary
The All Cap Value strategy outpaced the benchmark by 146 basis points during the quarter, rallying 13.64% gross of fees (13.50% net of fees), while the Russell 3000 Value index gained 12.18%. For the year, the strategy outperformed the benchmark by 104 basis points, returning -6.94% gross of fees (-7.41% net of fees), while the Russell 3000 Value index declined -7.98%.
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