Alger
Alger is a privately held, women-owned growth equity investment manager founded in 1964, managing approximately $27.4 billion in assets across mutual funds, ETFs, UCITS, and institutional accounts for advisors, institutions, and non-U.S. investors.
- Company typePrivate
- Founded1964
- HeadquartersNew York, United States
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Alger does
Alger is a privately held, 100% women-owned growth equity investment manager founded in 1964, headquartered in New York at 100 Pearl Street with additional offices in Boston, Denver, London, and Singapore. The firm manages approximately $27.4 billion in assets under management across mutual funds, ETFs, UCITS funds, institutional separate accounts, separately managed accounts (SMAs), and collective investment trusts, serving financial advisors, institutional investors (pension funds, endowments, foundations), and non-U.S. investors in UK, EU, and APAC markets. Alger's investment process is built on a proprietary 'Positive Dynamic Change' philosophy that targets companies experiencing high unit volume growth or positive life cycle changes (new management, product innovation, M&A/restructuring, regulatory shifts), supported by a 360-degree research methodology involving field surveys of executives, customers, competitors, and partners.
The firm generates revenue primarily through management fees on AUM, with additional revenue from performance fees in certain vehicles. Pricing varies by vehicle: mutual fund share classes (A, C, I, Z) carry varying sales charges; ETFs such as ALAI (0.58%) and CNEQ (0.55%) have disclosed expense ratios; institutional separate accounts and SMAs offer customized portfolio mandates. Distribution is omnichannel — through major brokerage platforms (E*TRADE, Schwab, Fidelity, Vanguard, Robinhood), a dedicated institutional sales team, international offices, and direct online access via alger.com. The firm operates through wholly owned subsidiaries including Weatherbie Capital (specialized growth, acquired 2017), Redwood Investments (international growth equity, acquired January 2024 with $1.6B AUM), and Alger Management, Ltd. (FCA-authorized UK entity). Leadership is anchored by long-tenured CEO/CIO/Portfolio Manager Dan Chung, CFA, who has been with the firm since 1994 and assumed the CEO role in 2006.
Alger firmographics
Firmographics- Name
- Alger
- Legal name
- Fred Alger Management, LLC
- Website
- https://alger.com
- Company type
- Private
- Founded year
- 1964
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Alger is a privately held, women-owned growth equity investment manager founded in 1964, managing approximately $27.4 billion in assets across mutual funds, ETFs, UCITS, and institutional accounts for advisors, institutions, and non-U.S. investors.
- Ownership category
- akta.pro rank
Alger industry classification
Industry- Product category
- Asset Management
- NAICS
- Portfolio Management and Investment Advice (52394), Open-End Investment Funds (525910)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Advisory Portfolio Management (Non-Discretionary) (FSAAABAD)
Keywords
Where Alger is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Alger business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Others
Revenue model
- Investment Management Fees: Alger generates revenue through management fees charged on assets under management across its mutual funds, ETFs, and institutional strategies. Fees are typically structured as a percentage of AUM (e.g., Alger Growth & Income Fund expense ratio mentioned at various levels).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Mutual Fund Share Classes (A, C, I, Z) |
| Subscription | Annual | ETF Expense Ratios |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels7 records
Alger product offering
Product offeringCore offering
Alger is a growth equity investment manager that builds and manages actively managed investment vehicles — including mutual funds, exchange-traded funds (ETFs), UCITS funds, institutional separate accounts, separately managed accounts (SMAs), and collective investment trusts — for financial advisors, institutional investors, and individual investors, with assets under management of approximately $27.4 billion. The firm applies proprietary bottom-up fundamental research to construct growth-oriented portfolios spanning U.S., international, and theme-based strategies.
Product overview
Alger is a privately-owned growth equity investment manager founded in 1964, managing approximately $27.4 billion in assets. The firm offers a diversified suite of investment products including mutual funds (Alger Capital Appreciation Fund, Alger Focus Equity Fund, Alger Growth & Income Fund, Alger Mid Cap Growth Fund, Alger Small Cap Growth Fund, Alger Spectra Fund), ETFs (Alger AI Enablers & Adopters ETF ALAI, Alger 35 ETF ATFV, Alger Concentrated Equity ETF CNEQ, Alger Mid Cap 40 ETF FRTY), and UCITS funds under the Alger SICAV umbrella. The firm operates through subsidiaries including Weatherbie Capital, LLC (specialized growth strategies) and Redwood Investments (acquired 2024, international growth equity). Products are available through multiple vehicles including mutual funds, ETFs, institutional separate accounts, SMAs, and collective investment trusts. Alger follows a 'Positive Dynamic Change' investment philosophy focusing on companies experiencing high unit volume growth or positive life cycle changes, supported by proprietary bottom-up fundamental research.
Differentiator
Problem solved
Functional benefit
Brands
- Redwood Investments: A global growth equity manager acquired by Alger, specializing in international growth equity strategies with over $1.6 billion in AUM.
- Weatherbie Capital
- Alger Management, Ltd.
Products and services
- Alger Capital Appreciation Fund
Quantifiable outcome
- Alger Capital Appreciation Fund (Class I) and Alger Focus Equity Fund (Class I) recognized in IBD's Best Mutual Funds 2026 across Growth Stock Funds, Large-Cap Stock Funds, and U.S. Diversified Stock categories
Companies that use Alger
Customer profileSegments3 records
Ideal customer profiles3 records
Alger technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Alger partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Redwood Investments, LLCcoreAlger Group Holdings, LLC acquired Redwood Investments, LLC, a global growth equity manager based in Newton, Massachusetts. The acquisition involved Redwood's assets under management of over $1.6 billion and was intended to enhance Alger's international growth equity expertise. Redwood continues to operate as a subsidiary offering emerging markets, international developed markets, international small cap, and global equity strategies.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
Alger competitors and assessment
Company assessmentDirect peers
- Artisan Partners: Publicly-traded active asset manager with multiple growth-equity franchises and high-conviction concentrated strategies. Comparable to Alger in active growth-equity focus, advisor-channel distribution, and concentrated 'best ideas' product lineup.
- Brown Capital Management: Baltimore-based minority-owned active growth-equity boutique (Amy Zhang, Alger Small Cap PM, came from here). Closely comparable to Alger in growth-equity focus, diverse ownership narrative, and small/mid-cap active management style.
- Marsico Capital Management: Boutique active growth-equity manager (Brandon Geisler, Alger Mid Cap Growth PM, came from here). Comparable to Alger's Mid Cap Growth and concentrated growth strategies in product offering, target client, and US growth equity investment style.
- T. Rowe Price: Large global asset manager with a flagship actively managed growth-equity franchise (T. Rowe Price Growth Stock). Directly comparable to Alger's Capital Appreciation, Focus Equity, and Spectra strategies in product, target client (advisors/institutional), and active US growth equity investment style.
- Janus Henderson Investors: Global active asset manager with multiple growth-equity mutual funds and ETFs (e.g., Janus Henderson Enterprise). Comparable to Alger in its focus on active growth equity, multi-channel distribution (advisor, institutional, ETF), and US/international mix.
- ClearBridge Investments: A specialized actively managed equity manager (Legg Mason successor) with concentrated growth strategies. Comparable to Alger's high-conviction growth portfolios (Focus Equity, Concentrated Equity) and boutique-style operating model under Franklin Templeton ownership.
- American Century Investments: Privately-held active asset manager (owned by Stowers) with growth-equity mutual funds and ETFs distributed through advisors. Comparable to Alger in private ownership, growth-equity focus, and multi-vehicle (mutual fund + ETF) distribution model.
- William Blair: Private, employee-owned investment firm with active US and international growth equity strategies. Closely comparable to Alger in private ownership structure, growth-equity focus, multi-vehicle distribution, and boutique-style research-intensive process.
Broad incumbents
- Putnam Investments: Large multi-affiliate asset manager with growth-equity funds (Redwood's Mufson previously led Specialty Growth Equity at Putnam). Comparable to Alger's growth-equity strategies and institutional/advisor distribution model, though Putnam operates a much broader multi-affiliate model including fixed income and quantitative.
- Invesco: Large global asset manager offering active growth ETFs and mutual funds (e.g., Invesco QQQ, Invesco Growth). Overlaps with Alger in growth-equity product set and ETF distribution, and Alger's Sanjiv Talwar previously led life-sciences/healthcare portfolios at Invesco.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Alger social profiles
Digital presenceAlger financial estimates
Financial estimateRevenue estimate
Valuation estimate
Alger leadership team
Management profileNumber of profiles
Profiles10 records
Alger subsidiaries and ownership
Company hierarchySubsidiaries4 records
Alger funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Alger M&A and investment
M&A and investmentM&A2 records
Investments12 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Alger
What does Alger do?
Alger is a growth equity investment manager that builds and manages actively managed investment vehicles — including mutual funds, exchange-traded funds (ETFs), UCITS funds, institutional separate accounts, separately managed accounts (SMAs), and collective investment trusts — for financial advisors, institutional investors, and individual investors, with assets under management of approximately $27.4 billion. The firm applies proprietary bottom-up fundamental research to construct growth-oriented portfolios spanning U.S., international, and theme-based strategies.
Is Alger a public or private company?
Alger is a private company. It is classified as family owned and is currently operating.
When was Alger founded?
Alger was founded in 1964. It employs 251 to 500 people.
Where is Alger based?
Alger is headquartered in New York, United States, in the North America region.
How does Alger make money?
One revenue line is on record: investment Management Fees.
Who are Alger's main competitors?
Direct peers on record are Artisan Partners, Brown Capital Management, Marsico Capital Management, T. Rowe Price, Janus Henderson Investors, ClearBridge Investments, American Century Investments and William Blair. Broad incumbents are Putnam Investments and Invesco.
Does Alger have an API?
No public API is recorded for Alger.
What industry is Alger in?
Alger's product category is Asset Management. Its primary akta.pro industry code is FSAAABAD, Advisory Portfolio Management (Non-Discretionary). Its NAICS code is 52394 and its SIC code is 6282.