Alger Management, Ltd. is pleased to announce the availability of four Alger SICAV sub-funds denominated in Great British Pounds for investors in the U.K.
The Alger American Asset Growth Fund, Alger Weatherbie Specialized Growth Fund, Alger Emerging Markets Fund, and Alger Dynamic Opportunities Fund will be available in Class G shares, which are denominated in GBP, on 1 July 2020. All of Alger's portfolios are supported by an analyst-driven investment process, which is built on original, bottom-up, fundamental research to find high-conviction ideas.
"Alger has provided asset management capabilities in the United Kingdom and Europe for over two decades and opened our London-based office in 2014," said Jim Tambone, Executive Vice President and Chief Distribution Officer at Alger. "We currently manage more than $1.3 billion in assets for our international clients and we are happy to provide expanded investment options for our clients in the U.K."
The Alger American Asset Growth Fund primarily invests in U.S. large cap stocks and is managed by Patrick Kelly, CFA, and Dr. Ankur Crawford. The Alger Weatherbie Specialized Growth Fund primarily invests in U.S. small and mid cap stocks. The sub-fund is managed by three experienced portfolio managers at Weatherbie Capital, LLC ("Weatherbie Capital"), including Matt Weatherbie, CFA, George Dai, Ph.D., and Josh Bennett, CFA.
The Alger Dynamic Opportunities Fund is a long/short hedged equity fund that invests primarily in U.S.-domiciled companies. Investors can access two premier growth equity managers—Alger and Weatherbie Capital—through its multi-manager approach. The portfolio management team includes Alger CEO and Chief Investment Officer Dan Chung, CFA.
Finally, the Alger Emerging Markets Fund is managed by Greg Jones, CFA, and Pragna Shere, CFA, and invests primarily in a focused portfolio of fewer than 50 growth equity securities across a broad array of emerging market countries.
"We continue to receive interest in our actively managed funds from U.K. investors, so we are pleased that we can now offer a GBP-denominated option," said Robert Gourlay, SVP and Head of European Sales for Alger. "We believe we are able to better serve our investor clients in the U.K with this new share class offering."
Alger SICAV, a Luxembourg UCITS vehicle, makes the funds available to non-U.S. investors in U.S. dollar, euro, and Great British Pounds-denominated classes.
About Alger
Founded in 1964, Alger is widely recognized as a pioneer of growth-style investment management. Headquartered in New York City with affiliate offices in Boston and London, Alger provides U.S. and non-U.S. institutional investors and financial advisors access to a suite of growth equity separate accounts, mutual funds, and privately offered investment vehicles. The firm's investment philosophy, discovering companies undergoing Positive Dynamic Change, has been in place for over 50 years. Weatherbie Capital, LLC, a Boston-based investment adviser specializing in small and mid-cap growth equity investing is a wholly-owned subsidiary of Alger. For more information, please visit www.alger.com.
