Baron Funds Comments on Advent Software Inc.

Aug 07, 2013

Advent Software, Inc. (ADVS, Financial), the provider of critical back-office software to the investment management business, rose 25.3% in the quarter. Earnings showed significant improvement both in sales and margins. The company announced that in conclusion of its evaluation of strategic alternatives, it would pursue a leveraged recap and pay out a $9/per share special dividend. A result with which we are happy.

From Ron Baron’s second quarter 2013 commentary.

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