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Ariel International Fund climbed +21.50% during the quarter, exceeding the MSCI EAFE and MSCI ACWI ex-US indices, which returned +10.82% and +14.49%, respectively. We initiated eight new positions during the quarter. We bought Vanguard FTSE Developed Markets ETF as a cash alternative.

Ørsted A/S (DNNGY) Q2 2026 Earnings Call Transcript

Higher taxes and increases in long-dated U.S. interest rates—as well as last year's gains on asset sales—hurt profit.

Danish offshore ​wind farm developer Orsted reported ‌on Thursday a second-quarter core profit above forecast and said it ​was on track to ​deliver on its financial guidance for ⁠the year.