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Meridian Growth Fund Reduces Position in Alight Inc. (ALIT) Amid Disappointing Sales and Lowered Revenue Guidance
ByAinvest
Monday, Dec 1, 2025 7:41 am ET1min read
Meridian Growth Fund, managed by ArrowMark Partners, reduced its position in Alight (ALIT) in Q3 due to disappointing sales and lowered revenue guidance. Alight, Inc. (NYSE:ALIT) is a leading cloud-based human capital technology provider that underperformed during the quarter. The stock's underperformance was attributed to customer retention decline, soft new sales, and a weaker macro environment. Despite this, the fund recognized Alight's compelling valuation and reduced its position.
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