Fred Alger Management, an investment management company, released its third-quarter 2026 investor letter for “Alger Capital Appreciation Fund.” The letter can be downloaded here. The Fund outperformed the Russell 1000 Growth Index, with Class A shares returning 2.00% compared to 0.92% for the benchmark. Relative outperformance was driven by strength in Consumer Discretionary and Information Technology, offsetting drags from Communication Services and Utilities. U.S. equities gained in Q3...
Astera Labs (ALAB) Detracts Despite Strong Core Business
