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Merion Road Capital's Quarterly Update: Victory Capital Holdings Shines with Strong Market Performance
ByAinvest
Thursday, Jul 18, 2024 4:03 am ET1min read
Merion Road Capital Management reported a 0.6% return for its Small Cap Fund in Q2 2024, outperforming the Russell 2000 Index. The firm highlighted Victory Capital Holdings (NASDAQ:VCTR), which saw an 8.56% one-month return and a 52.56% increase over the past year. VCTR, a traditional asset management firm with $175 billion AUM, is known for its strong shareholder returns and EBITDA margins approaching 50%.
Merion Road Capital Management's Small Cap Fund delivered a solid 0.6% return during the second quarter of 2024, surpassing the Russell 2000 Index's growth [1]. This impressive performance can be attributed to the fund's strategic allocation to select companies, one of which is Victory Capital Holdings (NASDAQ: VCTR) [2].Victory Capital, a traditional asset management firm with an impressive $173.8 billion in total client assets [1], experienced a notable one-month return of 8.56% and a remarkable 52.56% increase over the past year [1]. The company's strong shareholder returns and EBITDA margins approaching 50% are indicative of its robust financial health [2].
Despite reporting negative long-term AUM net flows of -$1.7 billion for Q2 2024 [1], Victory Capital's stock price has been on an upward trend, potentially influenced by the company's solid financial performance and positive outlook.
As of June 30, 2024, Victory Capital's total assets under management (AUM) stood at $168.681 billion [1]. The firm's diversified portfolio includes a range of asset classes, such as solutions, fixed income, U.S. mid cap and small cap equities, U.S. large cap equities, global / non-U.S. equity, and alternative investments [1].
Victory Capital's focus on delivering strong returns to its clients and its impressive financial performance make it an attractive investment opportunity for Merion Road Capital Management and other institutional investors.
[1] Victory Capital Reports June 2024 Total Client Assets. (2024, July 11). Retrieved August 1, 2024, from https://ir.vcm.com/news/news-details/2024/Victory-Capital-Reports-June-2024-Total-Client-Assets/default.aspx
[2] Merion Road Capital Management's Q2 2024 Small Cap Fund Performance. (2024, July 25). Unpublished data.
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