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PAYA - Baron Small Cap Fund Q1 2022 Investor Letter
Paya Holdings Inc.
Baron is an asset management firm focused on delivering growth equity investment solutions known for a long-term, fundamental, active approach to growth investing.
The market was very weak in the quarter for a plethora of reasons.
The Fed is in a tough position, as it needs to significantly tighten monetary policy to tame inflation without slowing growth too much.