Core Insights - Cooper Investors Global Equities Fund reported a portfolio return of -3.3% in Q4 2025, resulting in an annual return of 2.6% for the year, impacted by approximately 5% currency fluctuations [1] - The fund achieved an annualized return of 14.2% over the past three years, while the MSCI AC World Index had an annualized return of 21.3% during the same period [1] - The firm emphasizes a long-term investment strategy aimed at delivering risk-adjusted returns above the market [1] Company Focus: Ryan Specialty Holdings, Inc. - Ryan Specialty Holdings, Inc. (NYSE:RYAN) is highlighted as a key stock in the fund's portfolio, providing specialty products and solutions for insurance brokers, agents, and carriers [2] - As of February 10, 2026, Ryan Specialty's stock closed at $44.88 per share, with a one-month return of -10.54% and a three-month decline of 33.15% [2] - The market capitalization of Ryan Specialty Holdings, Inc. is reported at $11.868 billion [2] - The company is navigating a soft pricing environment in the property insurance sector but is expected to achieve organic revenue growth of close to 10% and EBITDA growth of over 20% in 2025, factoring in completed acquisitions [3]

Company Overview - Ryan Specialty is a rapidly growing provider of specialty products and solutions for insurance brokers, agents, and carriers[8] - The company was founded in 2010[9] - As of September 30, 2025 YTD, Ryan Specialty's total revenue growth was 24.2%[9] - As of September 30, 2025 YTD, Ryan Specialty's organic revenue growth was 11.4%[9] Market Position and Growth - Ryan Specialty is the 1st largest delegated underwriter[9] - Ryan Specialty is the 2nd largest U S P&C wholesale broker[9] - 78% of Ryan Specialty's premiums are placed in the attractive E&S market[13] - In 2024, Ryan Specialty's revenue growth with the top 100 retail brokerage firms exceeded Ryan Specialty's organic revenue growth of 12.8%[32] Financial Performance - Ryan Specialty's LTM Adjusted EBITDAC as of September 30, 2025, was $960 million[48] - As of March 31, 2025, Ryan Specialty had $153 million in unrestricted cash and cash equivalents[54] - In February 2025, Ryan Specialty increased its regular quarterly dividend by 9% to $0.12 per share on outstanding Class A common stock[55]