The views expressed are the views of Fred Alger Management, Inc. as of July 2017. These views are subject to change at any time and they do not guarantee the future performance of the markets, any security or any funds managed by Fred Alger Management, Inc. These views are not meant to provide investment advice and should not be considered a recommendation to purchase or sell securities.
S&P 500 Index is an unmanaged index generally representative of the U.S. stock market without regard to company size. HFRI Equity Hedge Index is an equal-weight-ed, net of all fees, index calculated three times per month of equity hedge strategies contained in the HFR Database. Equity hedge strategies maintain positions both long and short in primarily equity and equity derivative securities. Investors cannot invest directly in any index. Index performance does not reflect deduction for fees, expenses, or taxes. Standard deviation measures how much a portfolio’s return has deviated from its average historical return.
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