Group 1 - Aoris Investment Management's "Aoris International Fund" Q3 2025 investor letter reported a 6.5% rise in global equity markets, represented by the MSCI AC World Accumulation Index ex Australia, in AUD for the September quarter [1] - The fund's Class A (Unhedged) returned -2.6% after fees, while Class C (Hedged) declined by 1.0%, both underperforming their respective benchmarks [1] - The letter highlighted InterContinental Hotels Group PLC (NYSE:IHG) as a significant stock, with a one-month return of 6.51% and a 52-week gain of 13.24% [2] Group 2 - InterContinental Hotels Group PLC (NYSE:IHG) operates 6,600 hotels under 20 brands, with Holiday Inn being the largest, contributing to approximately half of its revenue [3] - As of December 22, 2025, InterContinental Hotels Group PLC (NYSE:IHG) had a market capitalization of $21.46 billion, with shares closing at $143.42 [2] - The company was held by 14 hedge fund portfolios at the end of Q3 2025, a decrease from 16 in the previous quarter, indicating a decline in popularity among hedge funds [4]