Aoris International Fund Has a Positive Outlook on Accenture (ACN)

Group 1 - Aoris Investment Management's "Aoris International Fund" Q3 2025 investor letter indicates that global equity markets rose by 6.5% in AUD for the September quarter, with local currency gains at 8.0% but a 1.5% reduction in AUD returns due to currency fluctuations [1] - The fund's Class A (Unhedged) returned -2.6% after fees, while Class C (Hedged) declined by 1.0%, compared to benchmark returns of 6.5% and 8.0% respectively [1] - The letter highlights Accenture plc (NYSE:ACN) as a significant stock, noting its one-month return of 7.19% and a 52-week loss of 26.31% [2] Group 2 - Accenture plc is described as the world's largest IT consulting and outsourcing firm, with some investors perceiving it as an "AI loser" due to concerns about AI diminishing its role for corporate and government clients [3] - In Q4 2025, Accenture reported revenues of $17.6 billion, reflecting a 7% increase in U.S. dollars and 4.5% in local currency [4] - Despite its potential, the company is not among the 30 most popular stocks among hedge funds, with 66 hedge fund portfolios holding its stock at the end of Q3, up from 65 in the previous quarter [4]