Magellan Asset Management, an investment management company, released the third quarter 2025 investor letter for “Magellan Global Fund”. A copy of the letter can be downloaded here. The fund focuses on outstanding companies at attractive prices and, at the same time, leverages a deep understanding of the macroeconomic landscape to manage risk. As measured by the MSCI World Index in USD, the global equities rose 7.3% in the September quarter. The portfolio underperformed the index in the quarter due strong p ...

Intuit Inc. (NASDAQ:INTU) is one of the 15 best AI stocks to watch in December 2025. Intuit (INTU) Sees Positive Analyst Sentiment Following Strong Fiscal Q1 2026 Results As of December 8, 2025, roughly 80% of analysts remain bullish on Intuit Inc. (NASDAQ:INTU) with a median price target of $823.00. The consensus price target implies 25.41% upside. On November 21, Intuit Inc. (NASDAQ:INTU) saw Goldman Sachs analyst Kash Rangan reaffirm his “Buy” rating with an $860 price target. This followed the compa ...

Core Insights - Tensile Capital Management increased its investment in Clearwater Analytics by purchasing nearly 1.2 million shares, raising the position's value by approximately $15.7 million [2][3][7] - Clearwater Analytics' stock price is currently $21.71, down 27.5% over the past year, while the S&P 500 has increased by 13% in the same period [4] - Clearwater Analytics reported a market capitalization of $5.55 billion, with revenue of $640.4 million and net income of $392.5 million for the trailing twelve months [5] Investment Activity - Tensile Capital Management's total holding in Clearwater Analytics now stands at 2.5 million shares, valued at $45.5 million, representing 5.7% of the fund's $800.4 million in U.S. equity assets [3][7] - The fund's decision to increase its position indicates confidence in Clearwater's growth potential despite recent stock performance [11][12] Company Overview - Clearwater Analytics provides SaaS-based solutions for investment data aggregation, reconciliation, accounting, and reporting, serving a diverse client base including insurers, investment managers, and government entities [9][10] - The company has demonstrated strong operating momentum, with revenue up 77% year over year to $205.1 million and adjusted EBITDA up 84% to $70.7 million in the latest quarter [11][12] - Clearwater's annualized recurring revenue surged 77% to $807.5 million, with a gross revenue retention rate of 98%, indicating strong client loyalty and operational efficiency [12][13]

13D Activist Fund is a mutual fund that focuses on companies invested in by shareholder activists. The fund released its Q3 2025 investor letter. The class I shared of the fund returned 8.88%, net of fees and expenses, in the quarter compared to 12.39% for the Russell 2000 Index. Overall, the fund was thrilled with its performance this quarter. However, on a relative basis, there is room for improvement. The Russell 2000 outperformed the S&P 500 by the largest margin in three years, with a return of 12.39% ...

2 December 2025 | 10:13AM HKT Equity Research CHINA FINANCIAL SERVICES Addressing nine top of mind questions from our 3Q NDR meetings After 3Q results, we hosted 21 China financial companies for investor group calls, including banks, brokers and fintech companies. We summarize the main takeaways below to address the nine top of mind questions: Shuo Yang, Ph.D. +852-2978-0701 | shuo.yang@gs.com Goldman Sachs (Asia) L.L.C. Claire Ouyang +852-2978-6686 | claire.x.ouyang@gs.com Goldman Sachs (Asia) L.L.C. Goldm ...

Core Insights - Abaxx Technologies has completed full connectivity with Stellar Trading Systems, allowing global trading clients to access Abaxx's commodity futures contracts through Stellar's platforms [1][2] - The integration enhances access to Abaxx's suite of commodity futures contracts, including a physically-deliverable, USD-denominated gold futures contract in Singapore [3][4] - This partnership aims to expand the commercial ecosystem around Abaxx's growing suite of futures contracts and improve trading performance for institutions and brokers [4][7] Company Overview - Abaxx Technologies is focused on building smarter markets through better tools and technology, addressing challenges such as the energy transition [5][6] - The company is the majority shareholder of Abaxx Singapore Pte. Ltd., which owns Abaxx Exchange and Abaxx Clearing, and operates Abaxx Spot [6] - Abaxx Exchange provides critical market infrastructure for a low-carbon economy, offering centrally-cleared, physically-deliverable futures contracts in various commodities [7][8] Trading Infrastructure - Stellar Trading Systems offers low latency solutions that connect to Abaxx's commodity futures contracts, enhancing trading capabilities for firms already active in related markets [2][3] - The integration allows trading firms to extend their activities to Abaxx's futures benchmarks, leveraging Stellar's established infrastructure for trading battery materials and precious metals [3][4] - The collaboration aims to deliver a high-performance trading environment that meets the demands of speed, precision, and reliability for market participants [4]

Core Insights - SS&C Technologies has received approval from the Central Bank of Ireland for its new entity, SS&C Wealth Services Europe, allowing it to provide wealth management technology and services across the EU from Dublin [1][2] - The approval is under the EU Markets in Financial Instruments Directive (MiFID), which supports SS&C's strategy to enhance its wealth management operations in Europe [1][2][3] Company Developments - The new entity aims to assist financial institutions in modernizing and expanding their wealth management activities, delivering integrated wealth platforms, custody, and back-office services [3] - SS&C currently employs over 550 staff in Ireland and manages over €95 billion in assets across various fund structures, along with €25 billion in Life & Pension products [4] Market Position - SS&C supports private wealth assets exceeding $6.1 trillion for over 3,000 firms globally, indicating a strong market presence [4] - The establishment of SS&C Wealth Services Europe is seen as a significant milestone in the company's European growth strategy, enhancing its ability to meet evolving client and regulatory expectations [2][3] Industry Context - IDA Ireland highlights the importance of SS&C's announcement in reinforcing Ireland's status as a key location for global financial services firms, emphasizing the combination of a skilled workforce and a stable business environment [5]

Core Insights - Intuit Australia has launched Open Banking data feeds for QuickBooks, enhancing financial management for small businesses through integration with Australia's Consumer Data Right (CDR) framework [1][2] Group 1: Open Banking Integration - The rollout connects QuickBooks customers with major banks like Commonwealth Bank of Australia and National Australia Bank, with plans to connect over 100 additional financial institutions [2] - The integration of CDR data is now a key part of the customer sign-up process for QuickBooks Online, allowing existing customers to switch to the new Open Banking platform [2] Group 2: Benefits of Real-Time Data - Transitioning to the CDR framework offers significant advantages, including real-time data synchronization, improved security, time efficiency, and easier cash flow management for small business owners and their financial advisors [3] - This move establishes a data foundation for Intuit's AI-driven expert platform, aiming to revolutionize operations for businesses, accountants, and brokers [4] Group 3: Empowering Businesses - The initiative empowers businesses and their advisors to reduce manual tasks and gain immediate insights while maintaining control over data validation [5] - Intuit is the first financial management software provider to achieve Accredited Data Recipient status under the Consumer Data Right [5] Group 4: Collaboration with SISS Data Services - Intuit partnered with SISS Data Services to facilitate the Open Banking data feeds, enabling access to over 100 Open Banking APIs for QuickBooks customers [6] - The collaboration has been ongoing for 10 years, focusing on regulatory compliance and technical excellence [7] Group 5: Future Outlook - The adoption of Open Banking for small business accounting services is identified as a high-value priority for 2024, ahead of the CDR's expansion to the non-bank lending sector in 2026 [8]

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) is one of the best mid cap stocks to buy according to hedge funds. On November 13, DA Davidson kept its Buy rating on Clearwater Analytics Holdings, Inc. (NYSE:CWAN) and maintained a $30 per share price target for the stock. The decision came after reports emerged that Clearwater was the subject of a takeover interest. DA Davidson Keeps Buy Rating on Clearwater Analytics (CWAN) Amid Takeover Interest Source: Pixabay According to the analysts, any credible ...

Core Insights - Intuit Inc. has announced the global availability of AI agents on its All-in-One platform, enhancing the QuickBooks experience for users [1] - The integration of AI is aimed at delivering time savings, greater efficiency, insights, and value for customers [1] - A new report has been released by the company, highlighting the benefits of AI-driven solutions [1] Company Developments - The introduction of AI agents is part of Intuit's strategy to improve its financial technology offerings, including TurboTax, Credit Karma, QuickBooks, and Mailchimp [1] - The enhancements are expected to create a more powerful and automated experience for QuickBooks users [1] Industry Impact - The move towards AI-driven solutions reflects a broader trend in the financial technology industry, focusing on automation and efficiency [1] - The report released by Intuit may provide insights into the competitive advantages of adopting AI technologies in financial services [1]