Reported 1 day ago
Fred Alger Management's recent investor letter discusses Ryan Specialty Holdings, Inc. (NYSE:RYAN), a firm facing challenges due to lower property insurance pricing, leading to a one-month return of -4.36%. Despite this setback, the fund remains optimistic about Ryan Specialty's growth potential, citing favorable market conditions and strategic acquisitions as key factors. Currently, 29 hedge funds hold shares in the company, but the investment outlook may be more promising for certain AI stocks.
Source: YAHOO