How Subscription Models Insulate FactSet Research Systems (FDS)?

Jenga Investment Partners, a London-based investment management firm, released its Q3 2026 investor letter. A copy of the letter can be downloaded here. The Jenga Global Master Fund returned 8.10% in Q3 2026, significantly outperforming the MSCI World Index’s 1.88% return. Year-to-date, the Fund’s return stands at 4.49% compared to the benchmark’s 11.75%. The portfolio’s exposure to Financials rose from 23.2% to 33.3%, and U.S. exposure increased from 18.2% to 49.3%. Backed by strong...