"Generally, people are overconfident when they make forecasts and inexperienced analysts may be less skeptical than they should be." In our latest podcast, Director of Market Strategy Brad Neuman discusses his latest white paper, "Looking Outside for Better Decisions".
In this commentary, Alger CEO and CIO Dan Chung explains how the advancement of “Internet 3.0,” which includes rapid improvements in high speed mobile communications, big data analytics and other developments, is changing virtually every aspect of our daily lives and creating attractive investment opportunities.
Following the herd often leads investors to make poorly timed investment decisions, as negative sentiment is often followed by strong performance. In this flyer, we examine the performance of Alger Spectra Fund following periods of large net redemptions.
Alger Capital Appreciation Fund, managed by Patrick Kelly, CFA, and Dr. Ankur Crawford, earned a Morningstar Analyst Bronze Rating.
Alger Spectra Fund, managed by Patrick Kelly, CFA, and Dr. Ankur Crawford, earned a Morningstar Analyst Bronze Rating.
In a recent interview, Amy Zhang, CFA, shared three stock picks that had helped drive her fund’s outperformance as well as what mattered most when deciding which companies to invest in.
In this short article, Portfolio Managers Matt Weatherbie, George Dai, and Josh Bennett provide a look inside the Weatherbie investment process and discuss how a stock gets added to The Weatherbie 50.
Earnings and GDP growth are unlikely to reach new heights this cycle, but does that mean the expansion is ending? We don't believe so. Read our latest edition of Capital Markets to find out why.
The current U.S. expansion cycle is over nine years old and if it persists past the second quarter of 2019, it will be the longest on record. Will this expansion be record breaking? We think so. Director of Market Strategy Brad Neuman reviews key elements from Alger's The Longest Expansion presentation.
While debt levels around the world are quite high, debt service is generally manageable and U.S. debt service for the consumer and business sectors is considerably lower than it has been in the peaks prior to the past two recessions.
In this edition of Capital Markets: Observations and Insights, we review likely rising interest rates and the possible broader implications for asset classes, sectors, and securities.
In this edition of Capital Markets: Observations and Insights, we outline why we believe increasing corporate investment should help drive a resurgence in productivity growth in the U.S.
Concerns about U.S.-China trade tension moderated and the central bank of India cut interest rates but emerging markets were virtually flat in February after rallying in January.
"Amidst a lot of short-term market noise, U.S. growth is showing signs of resilience and we continue to believe that we are in the one of the most innovative times in history." In our latest podcast, Patrick Kelly gives a portfolio update, as well as his broader outlook for the markets.
Innovation and demographics are creating attractive investment opportunities while driving the economy forward. In this blog, Dan explains how Baby Boomers, Gen X and Millennials are increasingly embracing innovation and creating opportunities for leading companies across industry sectors.
Emerging markets generated strong gains in January and outperformed developed markets.
"Small cap has always been volatile in the 16 years that I've been managing it. We spend a lot of time differentiating bumps in the road versus permanent impairment of fundamentals." In our latest podcast, Amy Zhang discusses market volatility and whether small cap equities are too exposed or if they can offer additional investment opportunities.
Technology and innovation are quickly transforming many aspects of the Health Care sector. In this blog, Alger CEO Dan Chung discusses the profound impact that these advancements are having on patients and investors.
In our latest Market Update, Dan Chung and Brad Neuman discuss secular trends impacting the equity landscape and driving divergence between growth and value investing.
Currently it appears that smaller capitalization stocks may be positioned for higher returns than their larger counterparts. As fundamentals and valuation both seem to be aligned, small caps may be able to reverse a multiyear period of underperformance.
Choosing wisely is paramount when it comes to achieving optimal investment results. Behavioral psychology teaches us several important lessons on how investors’ minds operate. Although economics assumes humans behave rationally, relying too much on our own experience often prevents us from doing so. However, an important technique exists to help us make better decisions.
The bull market in U.S. equities could celebrate its 10th birthday on March 9th, 2019. Here we look back at how much ground this historic bull market has covered and look forward to potential continued expansion. A variety of economic indicators, including the Institute of Supply Management’s survey of new orders, point to potential economic growth that could support equities.
What is an economic moat? It’s a representation of a company’s sustainable competitive advantage, which matters because wide moat companies, whose competitive advantages are expected to be durable over the long term, have historically outperformed.
Markets have been volatile in recent months but Growth has beaten Value over several significant measurable periods. One key factor may be that accounting standards have failed to keep pace with the changing economy.
Innovation in the health care sector is accelerating due in part to a more accommodating regulatory environment for new approaches to medical treatment. Tracking which companies are participating in novel drug manufacturing may be important for health care investors.
Many experts pay close attention to the great wealth of the Baby Boomers but Gen X and Millennials have actually surpassed the Baby Boomers in their share of disposable income, which is expected to rise strikingly in coming years.
At Alger we pay close attention to innovation of all kinds. Megacap companies are not the only innovators worth watching. In many industries, smaller companies are innovation leaders, quicker to offer new products and services than industry giants. Two examples of this are human resources and financial operations and controls, key functions of any company.
Cloud computing is one of the most exciting trends in technology today. It got its start in about 2010 and has undergone several iterations since then, ultimately allowing for storage of actual software applications. The cloud is important because the more we move our applications and software to the cloud, the more productive our society becomes.
We believe innovation in the health care sector is accelerating in part due to a more accommodating regulatory environment for disruptive technologies. Often perceived as a regulatory roadblock, the Food and Drug Administration, or FDA, has become a facilitator of this innovation.
The significant change in the way people consume media is driving changes in how advertisers allocate ad dollars. We think popular forecasts continue to dramatically underestimate online ad spending and we expect digital advertising growth rates will continue to surprise to the upside.
While Weatherbie Capital, an Alger subsidiary, finds GICS a helpful tool for evaluating portfolios, we have an internal classification system that we use called Dynamic Growth Areas. Diversified Business Services is commonly the largest Dynamic Growth Area in our universe of growth stocks.
Many investors ask whether there is more risk in a focused portfolio of 50 or fewer securities. Alger recently partnered with Greenwich Associates in a study to explore the topic of sourcing alpha potential with these strategies. A key finding was that focused strategies may possess an attractive risk profile.
The emergence of eSports has some investors excited about the potentially massive market this new form of entertainment may become; eSports may one day even disrupt legacy sports. eSports consists of people watching—and sometimes paying to watch—other people play video game competitions, with meaningful prize money opportunities for winners.
Find fact sheets and related literature on our investment strategies