Here's Why Microsoft Corporation (MSFT) is on Detractors' list of RiverPark Large Growth Fund [Yahoo! Finance]
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Source: Yahoo! Finance
RiverPark Advisors , an investment advisory firm and sponsor of the RiverPark family of mutual funds, released its “RiverPark Large Growth Fund” third quarter 2024 investor letter. A copy of the letter can be downloaded here . During the third quarter, the markets performed strongly with the Russell 1000 Growth Index (RLG) and the S&P 500 index returning 3.19% and 5.89% respectively and RPX returning 3.73%. A weaker-than-expected jobs report that raised fears of a coming recession caused the RLG to drop 8.8% from the end of June to the fifth of August, giving the quarter a rocky start. As China passed a significant stimulus package and the Fed began its rate-cutting cycle with a 0.50% decrease to a goal of 4.75%-5.00%, those losses quickly reversed. In addition, please check the fund's top five holdings to know its best picks in 2024. RiverPark Large Growth Fund highlighted stocks like Microsoft Corporation (NASDAQ: MSFT ) in the third quarter 2024 investor letter. Microsoft Corpor
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