The Alger Weatherbie Specialized Growth Fund Holds Steady with StepStone Group Despite Challenges The latest investor letter from Fred Alger Management's Alger Weatherbie Specialized Growth Fund offers a glimpse into its decision to maintain its position in StepStone Group Inc.
, despite fluctuations in the company's share price and industry wide headwinds. In the first quarter of 2026, US equities experienced significant volatility, with the S&P 500 Index plummeting 4. 33%.
The AI disruption and U. S. Iran conflict contributed to this uncertainty, casting a long shadow over the global economy. Under these circumstances, many investors would have abandoned ship on StepStone Group Inc.