Baron Funds, an investment management company, released its “Baron Partners Fund” first quarter 2024 investor letter. A copy of the letter can be downloaded here. The first quarter of 2024 was disappointing for the fund. It declined 9.01% (institutional Shares) in the quarter trailing its primary benchmark, the Russell Midcap Growth Index (the Index), and the large-cap S&P 500 Index, which returned 9.50% and 10.56%, respectively. Over the last three years, the Fund has not advanced much….
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