Here’s Why Madison Square Garden (MSGE) Became Ariel Investments’ Top Detractor

Ariel Investments, an investment management firm, published its Ariel Fund, Ariel Appreciation Fund, Ariel Focus Fund, Ariel International Fund, and Ariel Global Fund first-quarter 2021 investor letter a copy of which can be downloaded here. A return of 19.50% was recorded by Ariel Fund for the first quarter of 2021, 15.65% by Ariel Appreciation Fund, 16.48% by Ariel Focus Fund, 0.14% by Ariel International Fund, and 3.47% by Ariel Global Fund for the same period. You can view the funds top 5 holdings…

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