Shares of FactSet Research Systems, Inc. (NYSE:FDS), a leading provider of investment management tools, contributed to performance. The company announced a large 15,000 seat deal win with Merrill Lynch Wealth Management, which we believe should be meaningful from both a financial and a reputational perspective and should serve as a great reference point for FactSet as the company attempts to win more Wealth Management deals.
From Ron Baron (Trades, Portfolio)'s third-quarter Baron Partners Fund shareholder letter.
