Alger Spectra: “Alibaba (BABA)’s Shares Detracted From Our Portfolio Performance”
Alger, an investment management firm, published its ‘Alger Spectra Fund’ fourth quarter 2020 investor letter – a copy of which can be downloaded here. In the letter, the fund highlighted their largest portfolio sector weightings, which is in Information Technology and Consumer Discretionary sector, with their comments on notable companies. The Communication Services sector together with the Industrial sector is where they achieved the largest chunk of their returns. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Alger Spectra Fund, in their Q4 2020 investor letter, mentioned Alibaba Group Holding Limited (NYSE: BABA) and emphasized their views on the company. Alibaba Group Holding Limited is a China-based e-commerce company that currently has a $627.7 billion market capitalization. Since the beginning of the year, BABA delivered a -1.05% return, but it
Discussions over the matter have been held since early this year, the report said, adding that officials were shocked at how expansive Alibaba s media interests have become.
Investors value China’s Ant Group at over $200-billion after IPO halt, sources say Julie Zhu and Kane Wu HONG KONG Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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Some of Ant Group’s global investors have valued the Chinese fintech firm at more than US$200-billion based on its 2020 performance, said people with knowledge of the matter, offering a more sober estimate after the shelving of its IPO and forced restructuring.
Global investors value China s Ant Group at over $200 bln -sources financialpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialpost.com Daily Mail and Mail on Sunday newspapers.