Our last commentary, written in early-April shared that the optimistic base case that we believed we had seen the worst of the trade-specific headlines and ultimately tariffs in the US would be lower than what was promised on ‘Liberation Day.’ Fortunately, that turned out to be the correct view (thus far), but we could not have seen all the implications of that reversal for equity markets at the time.
Sometimes viewed as a slower-moving industry, banking is seeing an increased amount of innovation and disruption that is helping to better address the banking and liquidity needs of lower-middle income consumers—a demographic that often faces significant barriers to accessing affordable and useful financial products from large and regional banks.
Featured Commentary
Driehaus Emerging Markets Growth Strategy June 2025 Commentary with Attribution
By Emerging Markets
Our last commentary, written in early-April shared that the optimistic base case that we believed we had seen the worst of the trade-specific headlines and ultimately tariffs in the US would be lower than what was promised on ‘Liberation Day.’ Fortunately, that turned out to be the correct view (thus far), but we could not have seen all the implications of that reversal for equity markets at the time.
Driehaus Micro Cap Growth Strategy June 2025 Commentary with Attribution
By US Growth Equities
This month’s commentary examines contributors and detractors from this quarters performance, as well as recent portfolio shifts, in greater detail.