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
Billionaire Izzy Englander’s Top 10 Stock Picks
In this article we take a look at billionaire Israel “Izzy” Englander’s top 10 stock picks as of the end of fourth quarter of 2020. To skip our detailed discussion on Englander’s investment strategy and his history, go directly to Billionaire Izzy Englander’s Top 5 Stock Picks.
Israel “Izzy” Englander is an American billionaire and hedge fund manager who founded Millennium Management in 1989. As of the end of 2020, the New York-based hedge fund has over $138 billion in managed securities. Englander’s total worth stands at around $9.5 billion. Data shows that the 72-year-old billionaire made a whopping $3.8 billion last year.
Tiger Cub Billionaire Lee Ainslie’s Top 10 Stock Picks
In this article we take a look at Maverick Capital’s Lee Ainslie’s top 10 stock picks. You can skip our detailed analysis of Ainslie’s investment strategy and some interesting bits from his investor letters and go to Billionaire Lee Ainslie’s Top 5 Stock Picks.
Lee Ainslie is an American value investor and hedge fund manager who founded Maverick Capital in 1993. The fund has over $6 billion in managed securities as of the end of 2020. Ainslie is a Tiger cub – protégé of the legendary investor and billionaire Julian Robertson – having worked at Robertson’s hedge fund for years before starting Maverick at the age of 28 with $38 million, funded by American business magnate Sam Wyly.
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