Lakehouse Capital, a Sydney-based investment manager, released its “Lakehouse Global Growth Fund” annual investor letter. A copy of the letter can be downloaded here. The year was strong for the fund despite volatility, backed by the new US administration. The fund returned 33.4% net of fees and expenses compared to 18.4% for its benchmark. Since its inception in December 2017, the Fund has returned 254.4% compared to 139.9% for its benchmark, the MSCI All Country World Index, Net Total Returns (AUD). In ad ...

Spotify Technology S.A. (NYSE:SPOT) is among the Renaissance Technologies Portfolio: 10 Biggest Stocks. On September 16, BNP Paribas Exane initiated coverage of the stock with an Outperform rating and announced a price target of $900 for its shares. BNP Paribas Exane Initiates Spotify Technology S.A. (SPOT) Coverage With Outperform Rating The firm highlighted the company’s status as a global market leader against rival firms in the segment in its analysis. It also noted that despite historical challenges ...