Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Alphabet (GOOG) Detracted Despite Overall Positive Results

Fred Alger Management, an investment management company, released its “Alger Spectra Fund” third quarter 2024 investor letter. A copy of the letter can be downloaded here. US equities posted positive results in the third quarter with the S&P 500 Index rising 5.89%. Against this backdrop, the fund’s Class A shares underperformed the Russell 3000 Growth Index in the quarter. In addition, please check the fund’s top five holdings to know its best picks in 2024.

Alger Spectra Fund highlighted stocks like Alphabet Inc. (NASDAQ:GOOG) in its Q3 2024 investor letter. Alphabet Inc....