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Search resuls for: "Private Capital Management"


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A majority — or 53% — of Gen X parents who are worried their child may need financial support well into adulthood, according to a U.S. Bank survey of around 2,500 adults released earlier this year. Gen X is a "sandwich" generation, facing the financial pressures of simultaneously supporting parents in retirement and kids as they come of age. Instead, he's noticed a mindset among Gen X of being ready to roll with any unexpected punches. "It's not just all doom and gloom for Gen X," he said. Gen X parents aren't necessarily concerned that they'll be in the hook for their kids' poor financial choices.
Persons: Natalia Gdovskaia, Adinah Caro, Greene, she's, Caro, Greene isn't, Gen X, Gen, Tom Thiegs, they've, Thiegs, he's, It's, There's, we'll, aren't Organizations: Business, U.S . Bank, Private Capital Management, Social Security, Medicare
That approach aligns with the firm's Private Capital Management Value Fund (VFPIX), which focuses on holding and deeply understanding a handful of small-cap companies. Meanwhile, the broader S & P 500 lost 19.4% in 2022, while the small-cap focused Russell 2000 dropped about 21.6%, according to FactSet. About one-third of the fund's assets today are from the retirement plan assets of Private Capital Management employees. Though fund leadership understands small-caps can trade with more variability, they don't equate that with exposure to more risk. He said there are more companies to choose from, with many stocks' market caps slashed into small-cap territory in 2022's bear market.
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