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Amy Zhang, portfolio manager of Alger Small Cap Focus Fund, in New York, Oct. 9, 2018. Focused investing can be risky, but growth stocks and high-conviction bets helped propel three mutual funds, including Alger Small Cap Focus, to outsize gains in the third quarter. (James Keivom/The New York Times)

Amy Zhang, portfolio manager of Alger Small Cap Focus Fund, in New York, Oct. 9, 2018. Focused investing can be risky, but growth stocks and high-conviction bets helped propel three mutual funds, including Alger Small Cap Focus, to outsize gains in the third quarter. (James Keivom/The New York Times)