Robert Half (RHI): Can a Slow Recruitment Recovery Turn a Former Buying Mistake Into a Winner?

The Conventum – Alluvium Global Fund, managed by Alluvium Asset Management, shared insights in its Q2 2026 investor letter about the performance of Robert Half Inc. (NYSE:RHI). The letter, available for download, noted that the fund declined in various currencies despite a market-wide rally. While some holdings performed well, such as Alphabet, others including Robert Half, H&R Block, and several other companies saw solid gains. However, cable businesses and the healthcare and consumer sectors impacted the overall performance.

The article highlighted Robert Half Inc.'s stock price, which closed at $38.30 per share on September 15, 2026, after a 12.03% decline over the past month and a 10.28% increase over the past 52 weeks. The fund expressed regret over previous purchases of Robert Half Inc. during price dips in May, August, and October, but now sees a slow recovery in the recruitment and outplacement market as positive. Management remains cautiously optimistic about the outlook for Robert Half Inc. and maintains a 2.7% position in the fund.