Indonesian Wealth Fund Says Ray Dalio to Be Informal Adviser
The Bridgewater Associates founder's role as informal adviser is voluntary and unpaid, the wealth fund said in a statement on Wednesday.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
28 minutes ago
- Yahoo
Clearwater Analytics Gains As Investors Eye Growth Beyond Acquisition Jitters
Clearwater Analytics Holdings (NYSE:CWAN) shares climbed Tuesday as investors looked past recent acquisition concerns, betting on sustained double-digit growth and fresh product rollouts to drive long-term momentum. Goldman Sachs analyst Gabriela Borges upgraded Clearwater Analytics Holdings (NYSE:CWAN) rating to Buy from Neutral with a price forecast of $27 on Monday. Borges said the stock's 30% drop over the past six months, compared with a 9% Nasdaq gain, reflects investor concerns over the quality of acquired assets and Clearwater's ability to integrate multiple acquisitions argued those risks are now priced in and sees a clear catalyst path, including the September 3 Analyst Day. Borges expects Clearwater's core business to sustain 20%-plus annual growth over the next three to five years, driven by its automation platform, strong network effects, and cross-sell opportunities. She said Clearwater's net revenue retention (NRR) is already improving, with potential upside from cross-sell as the company releases about five new products annually, targeting growth in alternative investments through partnerships with Blackstone (NYSE:BX) and PIMCO. She added that macro tailwinds could further boost results. Goldman projects three consecutive 25-basis-point rate cuts starting in September, which would lift fixed-income asset prices, about 80% of Clearwater's client AUM, and support revenue through its AUM-linked pricing model. Increased capital market activity and IPO volume could also add one to two percentage points of growth in the corporate segment, which accounts for about 16% of revenue. Borges acknowledged investor concerns about acquisition execution, citing mixed results with past deals and the challenge of integrating Enfusion, representing about 13% of run-rate sales. Still, she forecasts Enfusion's growth improving from 13% to 15% by 2027, short of management's 20% target, but believes Clearwater can still achieve total business growth of 19%. She noted Enfusion's recent momentum, including a record-high bookings quarter and 49 new client wins in the second quarter. Longer term, Borges is constructive on Clearwater's plan to build an end-to-end platform with a single security master and data plane for institutional investors, capable of providing a complete, real-time portfolio view across public and private markets. She believes the market underestimates the combined platform's ability to reach a Rule of 40 profile, even before the vision is fully realized. Price Action: CWAN shares traded higher by 3.55% to $19.11 at last check Tuesday. Photo via Shutterstock Latest Ratings for CWAN Date Firm Action From To Mar 2022 Morgan Stanley Maintains Equal-Weight Mar 2022 Credit Suisse Maintains Outperform Mar 2022 RBC Capital Maintains Outperform View More Analyst Ratings for CWAN View the Latest Analyst Ratings UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Clearwater Analytics Gains As Investors Eye Growth Beyond Acquisition Jitters originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Bloomberg
31 minutes ago
- Bloomberg
Fidelity In Talks to Lead Cerebras $1 Billion Funding Round
Fidelity Investments is in talks to lead Cerebras Systems Inc. 's latest private funding round, according to people familiar with the matter. The Sunnyvale, California-based chipmaker is seeking to raise about $1 billion in the round, and is working with Citigroup Inc. on the deal, the people said, asking not to be identified as the information isn't public. Fidelity could invest as much as $500 million in the deal, one of the people said.
Yahoo
an hour ago
- Yahoo
Diamond Hill Capital's Strategic Moves: Significant Reduction in Becton Dickinson & Co
Analyzing the Latest 13F Filing for Q2 2025 Diamond Hill Capital (Trades, Portfolio) recently submitted its 13F filing for the second quarter of 2025, offering a glimpse into its strategic investment decisions. Established in 2000, Diamond Hill Capital (Trades, Portfolio) Management, Inc. is a registered investment adviser headquartered in Columbus, Ohio. The firm is publicly traded on NASDAQ under the ticker DHIL and is part of the Russell 2000 Index. Diamond Hill Capital (Trades, Portfolio) is known for its bottom-up investment approach, focusing on fundamental analysis of a company's profitability, market position, and management quality. The firm manages a diverse range of equity strategies, catering to institutions, financial intermediaries, and individual investors. Warning! GuruFocus has detected 4 Warning Sign with AIG. Summary of New Buy Diamond Hill Capital (Trades, Portfolio) added a total of 11 stocks to its portfolio. The most significant addition was Adobe Inc (NASDAQ:ADBE), with 849,582 shares, accounting for 1.51% of the portfolio and a total value of $328.69 million. The second largest addition was Antero Resources Corp (NYSE:AR), consisting of 415,218 shares, representing approximately 0.08% of the portfolio, with a total value of $16.72 million. The third largest addition was Alaska Air Group Inc (NYSE:ALK), with 309,799 shares, accounting for 0.07% of the portfolio and a total value of $15.33 million. Key Position Increases Diamond Hill Capital (Trades, Portfolio) also increased stakes in a total of 53 stocks. The most notable increase was in Capital One Financial Corp (NYSE:COF), with an additional 781,098 shares, bringing the total to 2,910,758 shares. This adjustment represents a significant 36.68% increase in share count, a 0.76% impact on the current portfolio, with a total value of $619.29 million. The second largest increase was in Aon PLC (NYSE:AON), with an additional 361,912 shares, bringing the total to 1,574,511. This adjustment represents a significant 29.85% increase in share count, with a total value of $561.72 million. Summary of Sold Out Diamond Hill Capital (Trades, Portfolio) completely exited 5 holdings in the second quarter of 2025. Notable exits include Insperity Inc (NYSE:NSP), where all 357,174 shares were sold, resulting in a -0.15% impact on the portfolio. Additionally, Vail Resorts Inc (NYSE:MTN) was liquidated with all 82,238 shares sold, causing a -0.06% impact on the portfolio. Key Position Reduces Diamond Hill Capital (Trades, Portfolio) reduced its position in 107 stocks, with significant changes including a reduction in Becton Dickinson & Co (NYSE:BDX) by 1,448,069 shares, resulting in a -90.38% decrease in shares and a -1.52% impact on the portfolio. The stock traded at an average price of $184.01 during the quarter and has returned 11.15% over the past 3 months and -13.70% year-to-date. Another notable reduction was in HCA Healthcare Inc (NYSE:HCA) by 476,778 shares, resulting in a -39.44% reduction in shares and a -0.75% impact on the portfolio. The stock traded at an average price of $360.1 during the quarter and has returned 6.97% over the past 3 months and 29.76% year-to-date. Portfolio Overview As of the second quarter of 2025, Diamond Hill Capital (Trades, Portfolio)'s portfolio included 180 stocks. The top holdings were 4.57% in American International Group Inc (NYSE:AIG), 3.7% in Abbott Laboratories (NYSE:ABT), 3.51% in Berkshire Hathaway Inc (NYSE:BRK.B), 3.4% in Texas Instruments Inc (NASDAQ:TXN), and 2.85% in Capital One Financial Corp (NYSE:COF). The holdings are mainly concentrated in 11 industries: Financial Services, Industrials, Technology, Healthcare, Consumer Cyclical, Consumer Defensive, Energy, Real Estate, Basic Materials, Communication Services, and Utilities. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
