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Funding administration firm First Pacific Advisors lately launched its “Queens Highway Small Cap Worth Fund” second quarter 2022 investor letter. A replica of the identical might be downloaded right here. Within the quarter, the fund outperformed its benchmark index and returned -11.46% in comparison with a -15.28% return for the Russell 2000 Worth Index. As well as, you possibly can verify the highest 5 holdings of the fund to know its finest picks in 2022.
Within the second quarter investor letter, First Pacific Advisors mentioned shares like American Fairness Funding Life Holding Firm (NYSE:AEL). Headquartered in West Des Moines, Iowa, American Fairness Funding Life Holding Firm (NYSE:AEL) is a US-based life insurance coverage firm. On August 26, 2022, American Fairness Funding Life Holding Firm (NYSE:AEL) inventory closed at $37.61 per share. One-month return of American Fairness Funding Life Holding Firm (NYSE:AEL) was 0.35%, and its shares gained 18.23% of their worth over the past 52 weeks. American Fairness Funding Life Holding Firm (NYSE:AEL) has a market capitalization of $3.296 billion.
Here’s what First Pacific Advisors particularly stated about American Fairness Funding Life Holding Firm (NYSE:AEL):
“American Fairness Funding Life Holding Firm (NYSE:AEL), a number one author of mounted index annuities, has continued to transition to its American Fairness Funding (AEL) 2.Zero enterprise mannequin. The plan’s predominant targets are to diversify the corporate’s property right into a broader array of investments, together with personal debt by strategic partnerships, and to extend its use of reinsurance to unlock capital. We predict that is an fascinating, however considerably aggressive plan. To date, the outcomes have been spectacular, however we proceed to observe the credit score high quality of their property as they transfer towards reaching their goal of getting 40% of their portfolio invested in personal property, up from 15.4%.”
American Fairness Funding Life Holding Firm (NYSE:AEL) just isn’t on the record of 30 Most Standard Shares Amongst Hedge Funds. American Fairness Funding Life Holding Firm (NYSE:AEL) was held by 14 hedge fund portfolios on the finish of the second quarter in comparison with 17 within the earlier quarter.
We mentioned American Fairness Funding Life Holding Firm (NYSE:AEL) in one other article and shared First Pacific Advisors’ views on the corporate within the earlier quarter. You’ll be able to take a look at our hedge fund investor letters Q2 2022 web page for extra investor letters from hedge funds and different outstanding buyers.
Disclosure: None. This text is initially printed at Insider Monkey.
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