Polen Capital, an investment management company, released its “Polen International Growth Strategy” fourth-quarter 2022 investor letter. A copy of the same can be downloaded here. The strategy returned 9.23% net in the fourth quarter compared to a 14.28% return for the MSCI ACWI (ex-USA). For 2022, the return was -30.00% net compared to -16.00% for the benchmark. The healthcare, information technology, and consumer discretionary sectors contributed to the underperformance of the strategy in the year. In addition, please check the fund’s top five holdings to know its best picks in 2022.
Polen International Growth Strategy highlighted stocks like Aon plc (NYSE:AON) in its Q4 2022 investor letter. Headquartered in Dublin, Ireland, Aon plc (NYSE:AON) is a professional service company that provides advice and solutions on risk, retirement, and health. On February 14, 2023, Aon plc (NYSE:AON) stock closed at $312.44 per share. One-month return of Aon plc (NYSE:AON) was -1.42%, and its shares gained 9.81% of their value over the last 52 weeks. Aon plc (NYSE:AON) has a market capitalization of $64.175 billion.
Polen International Growth Strategy made the following comment about Aon plc (NYSE:AON) in its Q4 2022 investor letter:
“Aon plc (NYSE:AON) reported broad-based growth across business units and geographies. This growth was driven by solid new business wins, robust retention and renewals, and a “modest” boost from pricing due to inflation on asset values. In the wake of Hurricane Ian, the reinsurance unit continues to show their ability to flex their analytics muscle and create innovative solutions for insurance carrier clients looking to diversify and offload risk. Stepping back, we see Aon as a durable, highly cash flow generative business that is performing well in a difficult macro backdrop, as we would expect, and we maintain our positive view on the long-term potential of the business in the years ahead.”
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Aon plc (NYSE:AON) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 49 hedge fund portfolios held Aon plc (NYSE:AON) at the end of the third quarter, which was 49 in the previous quarter.
We discussed Aon plc (NYSE:AON) in another article and shared the list of biggest global insurance companies by market cap. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
