The Traderszone Network

Published in TZ Latest News 31 December, 2015 by The TZ Newswire Staff

How This Leading Mutual Fund Manager Stays On Top

Patrick Kelly has the Alger Spectra Fund in a coveted spot. As portfolio manager since 2004, he has led the fund to the No. 1 ranking of 900 large-cap growth mutual funds tracked by Morningstar over the last decade. Spectra has posted an annual average return of 12% for the period vs. 7% from its benchmark. In 2015, the fund rose about 8%, as opposed to a 5% return from its peers and 2% from the S&P 500.

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