Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and 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 WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Play Japan's slump, the umbrella revolution and the battle for Brazil

Japan's slump, the umbrella revolution and the battle for Brazil

With the arrows of Abenomics appearing to be missing their targets and political uncertainty rife in Hong Kong and Brazil we take a look at investor sentiment in this week's Investment Pulse

Your Business: Cover Star Club

Profile: The adviser that tempted Robin Minter-Kemp on board

Profile: The adviser that tempted Robin Minter-Kemp on board

It is rare to meet an impassioned individual who is willing to bang the drum for investment advisory right now

Wealth Manager on Twitter