The portfolio managers of the Alger SMid Cap Focus Fund were recently profiled by The New York Times. Matt Weatherbie, George Dai, and Josh Bennett discuss their unique research and investment process to identify and invest in smaller cap stocks.
"With the advent of innovative peer-to-peer transfer technologies, cashless payment platforms are growing rapidly." In our latest podcast, Alger Senior Analyst Darryl Ah Now discusses virtual banking, the "underbanked population", and how innovation is transforming the cashless payment landscape.
In a recent interview with Business Insider, Alger's Brad Neuman, CFA, explains how investors have been led astray by a widely used metric that overinflates the value of many companies that would be considered undervalued by other measures.
"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.
If the U.S. economic expansion continues past its birthday at the end of this quarter, it will be the longest ever at over 10 years old. However, investors are asking more frequently: will there be other birthdays to celebrate in this cycle? Read our thoughts in the latest edition of Capital Markets.
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 insightful paper, the Weatherbie Capital team explains how leading companies that are using technology to capture market share and strengthen their economic moats can be attractive investment opportunities.
"Innovation is the best way for our companies to outgrow the economy and sustain long-term value creation." In our latest podcast, Small Cap Focus Portfolio Manager Amy Zhang discusses her portfolio, her team process, and recent volatility.
Emerging markets equities continued to rally in April as trade discussions between China and the U.S. progressed.
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.
A dovish Federal Reserve and equity gains in Asia ex-Japan supported emerging markets performance in March.
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.
One metric that tracks potential investment losses is the downside capture ratio, which indicates how investments fare in a down market relative to a benchmark. Like all performance metrics, it is one input in a broader assessment.
As we prepare to celebrate Mother’s Day, the first quarter earnings season is wrapping up and on the surface it may not seem like one that would make mom proud. However, there is reason to be optimistic that earnings growth will bounce back, providing a supportive backdrop for equities.
Cutting-edge human resources (HR) departments are seeking to provide more services and benefits to their employee base by utilizing new technologies. In particular, cloud computing allows HR departments to streamline their workflow and conduct business more effectively. Investors should look at the technology companies enabling these changes.
Combining one’s passion with one’s investment strategy may get some investors excited but it hasn’t turned out to be the most lucrative approach in recent years, even for the very wealthy who make up the predominant investors in collectibles. While sometimes amassing art or vintage cars, for example, can reap valuable gains, investing in equities during the past 10 years has proven substantially more profitable.
Digital transformation has significantly impacted the industrials sector, where companies are using software, data and artificial intelligence (AI) to monitor and optimize their assets with the Internet of Things (IoT).
When trying to understand the probability of a recession, it can be challenging to conclude much from news headlines or media stories. However, the Conference Board Leading Economic Index (LEI) has been a reliable indicator of future economic growth and its current reading implies that a recession is not imminent.
The number of overweight people worldwide is a growing trend, having tripled since 1975 to nearly 2 billion people, 13% of whom are considered obese. There may be a benefit to investing in health care companies that are developing products, procedures, or services to treat the complications associated with people who are overweight.
By using the outside view, problems and pitfalls that may have been unknowable need not be unpredictable. Looking outside of our own situations should help us make better decisions, something we care deeply about at Alger, where making optimal investment decisions is our highest priority.
Autonomous driving presents yet another unique opportunity in the upcoming industrial revolution. This technology will have far-reaching effects on diverse beneficiaries. In the U.S. alone, more than 35,000 lives are lost annually due to vehicular accidents. However, recent advancements in automotive safety features can mitigate or even prevent accidents.
Despite concerns about the Chinese economy and trade war with the U.S., we see significant long-term opportunity in China for one major reason: innovation. About a decade ago, Chinese internet companies were copycats of U.S. firms. Now we see Chinese innovations copied by U.S. counterparts. China also has a host of new innovations with no U.S. equivalents.
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.
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