Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Alger in emerging market and long/short double fund launch

Alger in emerging market and long/short double fund launch

Fred Alger Management has launched two sub funds of  the Alger Sicav as it seeks to target customers outside of the US. 

The Emerging Markets fund is managed by Deborah Vélez Medenica, and will look to invest in equities in a broad array of countires in the region. Medenica has managed the existing $35 million Fred Alger Management Alger Emerging Markets strategy since inception in 2010 and has been an emerging markets portfolio manager since 1999. She will be assisted by a team of analysts looking for high conviction opportunities in emerging market companies.

Meanwhile, the companiy has also launched the Dynamic Opportunities fund, a long/short hedged equity fund that invests primarily in US-domiciled companies.

It is managed in a smiliar style as the Fred Alger Management's $90 million Alger Dynamic Return strategy, and is run by the same portfolio managers, Dan Chung, Patrick Kellyand Greg Adams, who are backed by a team of more than 30 global investment analysts.

'These two new sub-funds enable the Alger SICAV to offer an even broader array of investment solutions to investors seeking to diversify their equity exposure across a variety of strategies. We continue to expand our footprint by launching these sub-funds, which we believe will have strong appeal,' Chung said.

Fred Alger Management is the investment adviser to Alger SICAV, and at the end of June managed more than $21.5 billion. Both sub-funds will be available to non-US from today.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Boutique tapes: my business will never be sold

Boutique tapes: my business will never be sold

In the final part of our four part series we discuss consolidation and whether it's getting tougher for boutiques to survive.

Play Boutique tapes: are top managers better off at small firms?

Boutique tapes: are top managers better off at small firms?

In episode three of our series, boutique bosses discuss whether the best fund managers are more likely to thrive at smaller firms.

Play Boutique tapes: if you want a Ferrari, you have to pay for it

Boutique tapes: if you want a Ferrari, you have to pay for it

In the second part of our four-part series, boutique bosses are asked how they can justify the fees charged by active managers.

Read More
Your Business: Cover Star Club

Profile: how this boutique beat the big guns of wealth

Profile: how this boutique beat the big guns of wealth

This small west country offshoot of a local IFA scooped a 2018 Citywire award from beneath the noses of the national challengers

Wealth Manager on Twitter