LONDON, August 11, 2014 /PRNewswire/ --
Alger SICAV, a Luxembourg UCITS vehicle, launched two new sub-funds-Alger Emerging Markets Fund and Alger Dynamic Opportunities Fund-for non-U.S. investors.
Alger SICAV-Alger Emerging Markets Fund, managed by Deborah Vélez Medenica, CFA of Fred Alger Management, Inc. (the investment adviser to Alger SICAV), invests in equities across a broad array of emerging market countries. Deborah has managed Fred Alger Management, Inc.'s Alger Emerging Markets strategy since its inception in 2010, and, more importantly, has been an emerging markets portfolio manager since 1999. The Alger SICAV-Alger Emerging Markets Fund is supported by a team of experienced analysts who perform original, bottom-up, fundamental research to find high conviction opportunities in emerging market companies. The Alger Emerging Markets strategy has more than $35 million in assets under management.
Alger SICAV-Alger Dynamic Opportunities Fund is a long/short hedged equity fund that invests primarily in U.S.-domiciled companies. The sub-fund is managed in a similar style and by the same portfolio managers, Dan Chung, CFA, Patrick Kelly, CFA, and Greg Adams, CFA, as Fred Alger Management, Inc.'s Alger Dynamic Return strategy, which currently has more than $90 million in assets and has been offered since 2008. The portfolio managers are supported by a team of more than 30 global investment analysts performing in-depth research to select stocks for the portfolio.
Both sub-funds are available to non-U.S. investors as of August 11, 2014.
"These two new sub-funds enable the Alger SICAV to offer an even broader array of investment solutions to investors seeking to diversify their equity exposure across a variety of strategies. We continue to expand our footprint by launching these sub-funds, which we believe will have strong appeal," said Dan Chung.
The launch of these sub-funds complements Alger SICAV's existing U.S. core equity sub-fund Alger SICAV-The Alger American Asset Growth Fund. Managed by Patrick Kelly, this sub-fund invests primarily in U.S.-domiciled companies that demonstrate promising growth potential.
"Patrick and our analysts have done a commendable job that is best demonstrated by the long-term performance of The Alger American Asset Growth Fund," said Dan.
For more information about Alger SICAV's strategies, please contact Kirk Hotte of Alger Management, Ltd. at +44-(0)207-152-4520 or [email protected].
About Fred Alger Management, Inc.
Fred Alger Management, Inc., the investment adviser to Alger SICAV, was founded in 1964 and as of June 30, 2014 managed more than $21.5 billion. Alger's investment philosophy is focused on discovering companies undergoing Positive Dynamic Change, which it believes offer the best investment opportunities. Learn more at http://www.alger.com.
Important information: This press release is intended for use only by persons who would qualify as professional clients or eligible. Persons who qualify as retail clients should not act or rely on the information in it.
This press release has been prepared to provide certain limited information about the Alger SICAV, which is organised under the laws of the Grand Duchy of Luxembourg as a société d'investissement à capital variable, which offers investors a choice between a number of sub-funds (each a "Sub-Fund"). Alger SICAV qualifies as an undertaking for collective investment in transferable securities (UCITS) and has obtained recognition under the UCITS Directive for marketing of its Sub-Funds in certain member states in the European Economic Area. Shares in these Sub-Funds are not available for sale in any jurisdiction in which the sale would be unlawful.
Subscriptions for shares in the Sub-Funds can only be made on the basis of the current application form, the prospectus, the key investor information documents ("KIIDs"), and latest annual and semi-annual reports. Copies of the prospectus, annual and semi-annual reports, and other information about Alger SICAV can be obtained free of charge at the registered office of Alger SICAV. The prospectus, annual and semi-annual reports are available in English, Spanish, French, and German. The KIIDs will be available in English, German, Italian, French, Spanish, and Dutch.
This press release has been issued by Alger Management, Ltd., which is authorised and regulated by the Financial Conduct Authority. The rules made under the Financial Services and Markets Act 2000 for the protection of retail clients do not apply to an investment in Alger SICAV or to the services provided by Alger Associates, Inc. and Fred Alger Management, Inc., and compensation under the United Kingdom Financial Services Compensation Scheme will not be available. Alger Management, Ltd. is registered in England and Wales (company number 08634056), with its registered address at 21 St Thomas Street, Bristol BS1 GJS.
Frederick Duff Gordon
SOURCE Alger Management Ltd