Meridian Funds, managed by ArrowMark Partners, released its “Meridian Growth Fund” fourth-quarter 2025 investor letter, which can be downloaded. U.S. equity markets had a quarter shaped by optimism around potential monetary easing, with early gains driven by strong AI-related earnings and a rate cut by the US Federal Reserve. Despite market sentiment cooling later in the quarter, large caps rose 17.4% for the year, with value stocks outperforming growth. The Fund had a return of -0.39% in the quarter, underperforming the Russell 2500 Growth Index.

In its fourth-quarter 2025 investor letter, Meridian Growth Fund highlighted Remitly Global, Inc. (NASDAQ:RELY) as a leading relative detractor. Remitly Global, Inc. (NASDAQ:RELY) is a financial services company offering digital financial services for immigrants and their families. Shares of Remitly Global, Inc. (NASDAQ:RELY) traded between $12.08 and $27.32 over the past 52 weeks, closing at $14.39 per share on January 26, 2026.

Remitly Global, Inc. (NASDAQ:RELY) is a digitally native money transfer firm strategically capturing market share in the cross-border remittance space. The company competes effectively against established players and has reached a scale positioning it for substantial improvements in profitability. Despite reporting robust quarterly earnings, the stock underperformed during the quarter due to a tempered outlook influenced by challenging year-over-year comparisons and immigration-related headwinds affecting remittance volumes.

Remitly Global, Inc. (NASDAQ:RELY) is not on the list of 30 Most Popular Stocks Among Hedge Funds. 38 hedge fund portfolios held shares of Remitly Global, Inc. (NASDAQ:RELY) at the end of the third quarter. While Remitly Global, Inc. (NASDAQ:RELY) has potential as an investment, certain AI stocks may offer greater upside potential with less downside risk. Check out other articles for more insights and information.

Read more at Yahoo Finance: Remitly Global (RELY) Slid Despite Posting Strong Results