Greater investor optimism boosted Alphabet (GOOGL) in the fourth quarter
Hotchkis & Wiley, an investment management firm, released its Q4 2025 investor letter for the “Hotchkis & Wiley Global Value Fund.” A copy of the letter can be downloaded here. The Fund outperformed the MSCI World Value Index in the fourth quarter, returning 3.80% versus 3.34% for the index. The Fund has returned 23.77% year…