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 an SEC-registered investment manager organized as an LLC and operating since 1970. The firm is classified as a hedge fund and provides portfolio management across individual, family and institutional client segments. It manages separate accounts and pooled vehicles, and also functions in roles such as sponsor/GP and CPO/CTA. Fee arrangements include both asset-based fees and performance-linked compensation. The firm identifies as an active ESG investor and lists portfolio management for individuals/small businesses, investment companies, pooled investment vehicles and institutions among its advisory services.