Value Investing

Royce Global Trust (RGT), a global equity closed-end fund, reported its performance as of September 30, 2025. The fund employs a value-oriented approach, leveraging the advisor’s 50+ years of small/micro-cap experience. NAV was $15.03 and MKT was $12.95. Average annual total returns ranged from 1.35%-20.78% (NAV & MKT) for various periods. The fund invests in small/mid-cap companies, with notable holdings in Tel Aviv Stock Exchange and Sprott. Top sectors include Financials (30.3%) and Industrials (26.2%).

Warren Buffett, 94, steps back from public investing as developer Virattt launches “AI Hedge Fund,” an open-source simulator channeling strategies from nine legendary investors, including Buffett’s value principles and Graham’s frameworks. Tests showed a 14% return from a simulated $1M AAPL short (April 30-May 5) but mixed accuracy across FAANG+Tesla stocks (80% for single strategies, 60% for hybrid models). While praised for educational transparency in exposing financial metrics, the platform warns against commercial use due to data costs, model inconsistencies, and risks of algorithmic overreliance. LLM-based committee hybrids face alignment challenges, echoing historical quant fund pitfalls.