Browse the world's most comprehensive database of hedge fund investor letters, sorted by recent quarter. Access primary source research from leading institutional managers.
Browse the world's most comprehensive archive of hedge fund manager letters. Access primary source research from leading institutional managers, sorted by reporting period.
YCG added FICO to their portfolio of global champions with enduring pricing power. FICO dominates U.S. credit scoring with 90% market share among large lenders, benefits from network effects and institutional risk aversion, and has significant untapped pricing power after keeping prices flat for 30 years. The investment exemplifies YCG's strategy of owning recession-resistant toll collectors on global GDP.
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YCG added FICO to their portfolio of global champions with enduring pricing power. FICO dominates U.S. credit scoring with 90% market share among large lenders, benefits from network effects and institutional risk aversion, and has significant untapped pricing power after keeping prices flat for 30 years. The investment exemplifies YCG's strategy of owning recession-resistant toll collectors on global GDP.
