Here’s Why SouthernSun SMID Cap Investment Strategy Exited IDEX Corporation (IEX)
SouthernSun Asset Management, LLC, an investment management firm, released its “SouthernSun SMID Cap Strategy” third quarter 2024 investor letter. A copy of the letter can be downloaded here. The third quarter of 2024 has reinforced the effectiveness of SouthernSun’s investment philosophy. In the third quarter, the strategy returned 8.98% on a gross basis (8.76% net) compared to an 8.75% return for the Russell 2500 Index and 9.63% for the Russell 2500 Value Index. The fund returned 23.93% on a gross basis (23.00% net) over the trailing 12 months compared to 26.17% and 26.59% returns for the indexes respectively over the same period. In addition, please check the top 5 holdings of the strategy to know its best pick in 2024.
