Reported 4 days ago
Aristotle Capital Management's Value Equity Strategy has decided to exit its investment in Millrose Properties (NYSE: MRP), a newly spun-off company focused on land banking and development, citing a preference for Lennar's core homebuilding operations. The investor letter highlights that the U.S. equity market experienced a modest decline, while Aristotle's composite performance underperformed compared to the Russell 1000 Value Index. Despite Millrose's potential, Aristotle believes AI stocks offer better return prospects.
Source: YAHOO