The Rewards Of Risk

At a Glance

Fund name: Spectra Fund (SPECX)

Managed by: Fred Alger Management Inc.

Portfolio managers: David Alger and David Hyun

Holdings include:, AOL, Dell Computer Corp., Intel Corp. and Pfizer Inc.

Total assets: $312.5 million

Average annual return: 21.98% (since its inception in July 1969)

Load: None (and no 12b-1 fees)

Total expense ratio: 1.96%

Minimum initial investment: $1,000 for standard accounts; $250 for retirement accounts; and $100 per month for automatic investment accounts.

Phone: (800) 711-6141

Web site:

Figures are as of February 3, 1999.

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This article was originally published in the April 1999 print edition of Entrepreneur with the headline: The Rewards Of Risk.

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