The FRED ALGER MANAGEMENT, INC is a privately held investment adviser that advises $30.11Bn in regulatory assets under management held in 1 SEC fund types across 2 investment strategies. FRED ALGER MANAGEMENT, INC is a Public Fund A public fund manager is a manager whose >=75% of total assets under management are in public funds (broadly accessible, exchange-listed investment vehicles available to retail investors with typically low minimums and clear, widely available information) Manager. Assets decreased by 29.12% over the last 5-years.
The Group has been registered with the SEC for 56.08 years and is comprised of 3 filing and 0 relying advisers. They operate out of 4 office locations with their Headquarters at 100 PEARL STREET 27TH FLOOR, NEW YORK, NEW YORK. The Group has been subject to regulatory enforcement actions. They are regulated by 8 US and Non-US bodies.
They have 111 employees comprised of 53 investment and 58 non-investment staff. The total number of Employees decreased by 20.14% over the last 5-years.
Their $30.11Bn in assets advised are owned by 20 private funds, 35 public funds and BDCs and 66 other accounts. Assets of Investment Companies (IC) clients own $23.24Bn or 77.18% of Total Assets and Pension and Profit Sharing Plans-Private own $1.79Bn or 5.93% of Total Assets.
The Group's top investment strategies include Long/Short Equity and Multi Strat, representing 99.05% and 0.95% of total assets, respectively.
They advise 9 types of clients, top clients are Investment Companies (IC) and Pension and Profit Sharing Plans-Private.
The Group uses 3 Fund Administrators, 1 Fund Auditors, 2 Prime Brokers, 3 Custodians and 1 Marketers. It does not report a third-party Fund Administrator in 0 private funds with $0 in assets.
The Group discloses management fees and performance-based fees.
FRED ALGER MANAGEMENT, INC names 0 sub-advisers to 0 different funds advised by the group. The Group has been named as the sub-adviser to 0 funds.