Is Vertex (VERX) a Smart Long-term Buy?
Alger Mid Cap Focus Fund recently released its Q3 2020 Investor Letter, a copy of which you can download here. Class Z shares of the Alger Mid Cap Focus Fund outperformed the Russell Midcap Growth Index during the third quarter of 2020. You should check out Alger Mid Cap Focus Fund’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.
In the Q3 2020 Investor Letter, Alger Mid Cap Focus Fund highlighted a few stocks and Vertex Inc. (NASDAQ:VERX) is one of them. Vertex Inc. (NASDAQ:VERX) is a software company. In the last three months, Vertex Inc. (NASDAQ:VERX) stock gained 45.8% and on December 28th it had a closing price of $33.18. Here is what Alger Mid Cap Focus Fund said:
Alger Mid Cap Focus Fund’s Q3 2020 Investor Letter
Alger Mid Cap Focus Fund recently released its Q3 2020 Investor Letter, a copy of which you can download here. Class Z shares of the Alger Mid Cap Focus Fund outperformed the Russell Midcap Growth Index during the third quarter of 2020. You should check out Alger Mid Cap Focus Fund’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.
Published on December 28, 2020 at 2:40 am by Inan Dogan, PhD
Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. He launched his hedge fund in 1956 with $105,100 in seed capital. Back then they weren’t called hedge funds, they were called “partnerships”. Warren Buffett took 25% of all returns in excess of 6 percent.