Fred Alger 2021?

SBs for helpful responses. Not a ton on this shop here.

Have both L/S and LO funds. Investment professionals seem super pedigreed (both school and previous top IB/other finance). Absurd returns vs benchmarks over last decade and a half.

What would exits ops to more traditional L/S, activist, etc. funds look like (if at all existent)? Not that it's a bad place to stick around.

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Comments (5)

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Aug 6, 2021 - 10:48am

Growth-oriented (so naturally TMT / healthcare), trades a lot (Alger is a big enough commission payer to the sell-side). They market so much that it gives ppl a headache. Nice office tho. Dan Chung is married into the Alger family. 

People exit from Alger just fine to LOs and traditional L/S, don't know if it exits to activist. Like you said, not a bad place to stick around, but you just need to be aware that they trade a lot for a long-only (with L/S product). 

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