Alger

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.

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

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

• Growth equity investing
• Asset management services
• Active mutual funds
• Exchange-traded funds
• Separately managed accounts

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Others

Revenue model

1. 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

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core 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

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Redwood Investments, LLCcoreStrategic or Co-development Partner · 4 January 2024Alger 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

Direct 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

• YouTubeyoutube.com/user/AlgerInvest
• LinkedInlinkedin.com/company/fred-alger-management
• Instagraminstagram.com/algerinvest
• Xx.com/algerinvest

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments12 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Alger