FRED ALGER MANAGEMENT, LLC

RIASEC RegisteredEst. 1970

Total AUM

$26.1B

Discretionary

$25.8B

99% of AUM

Avg account

$8.5M

Accounts

3,068

Employees

Advisory reps

Firm details

Headquarters: New York, New York
CRD number: 106750
Registered since: July 15, 1970
Website: www.alger.com
Custodians: J.P. MORGAN SECURITIES INC., THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION
Fee structure: Percentage of AUM, Performance Based Fees
Client types: Investment Companies78.84%
Pension & Profit Sharing Plans6.17%
Individuals6.13%
Pooled Investment Vehicles5%
State / Municipal Government2.84%
Services: Portfolio Management for IndividualsPortfolio Management for Investment CompaniesPortfolio Management for Pooled Investment VehiclesPortfolio Management for Institutional Clients

Firm profile

FINTRX

Overview

Fred Alger Management, LLC is a long-established investment manager organized as an LLC and active since 1970. The firm operates as a hedge-fund-style manager that serves both individual/family and institutional clients. It provides portfolio management across individual accounts, pooled vehicles and investment companies, and also operates in roles commonly associated with commodity pool operators or commodity trading advisers. Compensation includes both percentage-of-assets and performance-fee components. The firm identifies as an active ESG investor and is involved in sponsoring or managing pooled investment vehicles in addition to its adviser activities.