Protean Small Cap Fund Beats Benchmark with 0.9% March Decline

Protean Funds Scandinavia AB reported that its Small Cap fund experienced a 0.9% decline during the month of March. Despite the negative return, the fund successfully outperformed its benchmark index, which recorded a steeper drop of 3.1% over the same period. The firm has released a partner letter detailing the fund's performance and providing an analysis of the market conditions that influenced these results.