Fred Alger Management, an investment management company, released its “Alger Spectra Fund” first-quarter 2026 investor letter. In the first quarter of 2026, the Class A shares of the Alger Spectra Fund underperformed the Russell 3000 Growth Index. The Information Technology and Financials sectors contributed, while Consumer Discretionary and Utilities detracted from the performance. US equities experienced a volatile period in the first quarter of 2026, driven by AI disruption and the U.S.-Iran conflict that began in late February. The Fund identifies opportunities in companies...
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