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Ariel Investments Sees Bright Future in Madison Square (MSGE)
Ariel Investments, an investment management firm, published its fourth-quarter 2020 ‘Ariel Fund’, ‘Ariel Appreciation Fund’, ‘Ariel Focus Fund’, ‘Ariel International Fund’, and ‘Ariel Global Fund’ Investor Letter – a copy of which can be downloaded here. In the fourth quarter of 2020, a return of 31.56% was recorded by Ariel fund, 23.57% by Ariel Appreciation Fund, 21.62% by Ariel Focus Fund, 8.26% by Ariel International Fund, and 9.80% return by Ariel Global Fund. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Ariel Investments, in their Q4 2020 investor letter, emphasized their Madison Square Garden Entertainment Corp. (NYSE: MSGE) position. Madison Square Garden Entertainment Corp. is a New York-based entertainment company that offers entertainment venues and hosts live events. It currently has a $2.8 billion market capitalization. In the past month, MSGE deli
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