Here’s What Triggered Agilysys’ (AGYS) Sharp Sell Off

Fred Alger Management, an investment management company, released its “Alger Small Cap Focus Fund” first-quarter 2026 investor letter. A copy of the letter can be downloaded here. In the first quarter of 2026, the Class A shares of the Alger Small Cap Fund underperformed the Russell 2000 Growth Index. The Information Technology and Consumer Discretionary sectors contributed to the performance, while Health Care and Energy 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...