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Alger Dynamic Opportunities Fund underperformed S&P 500 in Q1 2026 despite strong picks in tech and energy.

Market News
06 May 2026
Seeking Alpha
View Source
Neutral
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The Alger Dynamic Opportunities Fund's Class A shares lagged behind the S&P 500 Index in the first quarter of 2026. Positive contributions came from long positions in Western Digital Corporation, Nebius Group, and GE Vernova Inc. However, a short position in a leading fiber laser and photonics manufacturer hurt performance as that stock rose during the quarter. This mixed outcome highlights the challenges of active management amid market volatility and sector-specific movements.

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