AlexSecret/E+ via Getty Images Performance Review For the three months ending March 31, 2026, the fund's Retail Class shares gained 1.32%, lagging the 2.23% advance of the benchmark, the Russell 3000® Value Index. Large-cap value stocks significantly outpaced growth stocks, which returned -9.54% in Q1, as measured by the Russell 3000® Growth Index. For the quarter, small-cap shares outpaced large-...
AlexSecret/E+ via Getty Images Performance Review For the three months ending March 31, 2026, the fund's Retail Class shares gained 1.32%, lagging the 2.23% advance of the benchmark, the Russell 3000® Value Index. Large-cap value stocks significantly outpaced growth stocks, which returned -9.54% in Q1, as measured by the Russell 3000® Growth Index. For the quarter, small-cap shares outpaced large-caps. The overall stock market lost ground this quarter, as concern about the viability of artificial intelligence–related investments began to surface and conflict in the Middle East took center stage in late February, sapping a stock market that entered 2026 with strong momentum. This backdrop was in stark contrast to the one underpinning the historically fast rally that began in early April 2025, when U. S. stocks were supported by strong corporate fundamentals, a resilient economy, an ongoing boom in spending on AI and, beginning in September, the Federal Reserve's first interest-rate reductions since December 2024. As 2026 began, investors expected the uptrend to continue, driven by AI-fueled capital expenditures, fiscal support from the massive tax and spending package passed in July 2025, and strong corporate earnings. Instead, the index moved lower amid geopolitical uncertainty, persistent inflation and elevated asset valuations. In the first quarter, seven of 11 sectors in the Russell 3000® Value Index gained ground, led by energy (+38%) amid a sharply rising oil price. Other notably positive performers were led by materials (+10%), utilities (+9%) and consumer staples (+7%). In contrast, financials (-8%), consumer discretionary and communication services (-4% each) were weakest. Against this backdrop, security selection in the information technology and communication services mainly detracted from the fund's relative result in Q1. In contrast, positioning in energy and stock picks in health care and financials contributed. The fund's top individual relative detrac...
Barry Silbert is the founder of Digital Currency Group, which owns Grayscale, one of the largest crypto asset managers. The crypto industry heavyweight declared on X (formerly Twitter) on May 24 that crypto's "privacy era" has begun. That's a bold claim from a powerful industry insider with a direct stake; Grayscale recently filed with the Securities and Exchange Commission (SEC) to convert its Zc...
Barry Silbert is the founder of Digital Currency Group, which owns Grayscale, one of the largest crypto asset managers. The crypto industry heavyweight declared on X (formerly Twitter) on May 24 that crypto's "privacy era" has begun. That's a bold claim from a powerful industry insider with a direct stake; Grayscale recently filed with the Securities and Exchange Commission (SEC) to convert its Zcash (CRYPTO: ZEC) Trust into the first U.S. spot exchange-traded fund (ETF) for a privacy coin. What's more, at Bitcoin Investor Week in February, Silbert predicted that between 5% and 10% of Bitcoin capital would rotate into privacy-focused crypto like Zcash and Monero (CRYPTO: XMR) , arguing that Bitcoin will never be able to offer privacy. Continue reading
Shares in Samsung Electronics, LG Electronics and other South Korean tech firms rallied on Monday, as expected meetings between Nvidia CEO Jensen Huang and Korean executives boosted hopes of tie-ups in AI and robotics. Huang is expected to visit South Korea later this week and meet LG Group Chairman Koo Kwang-mo and other Korean executives, a person with knowledge of the matter said. Nvidia als...
Shares in Samsung Electronics, LG Electronics and other South Korean tech firms rallied on Monday, as expected meetings between Nvidia CEO Jensen Huang and Korean executives boosted hopes of tie-ups in AI and robotics. Huang is expected to visit South Korea later this week and meet LG Group Chairman Koo Kwang-mo and other Korean executives, a person with knowledge of the matter said. Nvidia also plans to hold a "Korean Partner Night" event on the sidelines of the COMPUTEX trade show in Taipei on Monday, which Jensen and executives from chipmakers Samsung and SK Hynix and other companies will attend.