Key Takeaways
- • Alger SICAV's Alger Dynamic Opportunities Fund has been selected as a constituent of the HFRX Global Hedge Fund Index, constructed by Hedge Fund Research, Inc. (HFR).
- • The fund is a long/short hedged equity strategy investing primarily in US-domiciled companies, aiming for long-term capital appreciation, downside protection and lower volatility.
- • Alger manages $1.7 billion in assets for international clients, with its London-based office opened in 2014.
- • Portfolio management is led by Alger CEO and Chief Investment Officer Dan Chung, CFA, with access to Fred Alger Management and Weatherbie Capital, which together have more than 25 years of hedged equity experience.
Summary
Alger Management's Alger SICAV – Alger Dynamic Opportunities Fund has been added as a constituent of the HFRX Global Hedge Fund Index, according to Hedgeweek. The HFRX Global Hedge Fund Index is an asset-weighted investable benchmark designed to represent the overall composition of the hedge fund universe. The HFRX indices, constructed by Hedge Fund Research, Inc. (HFR) using a UCITS III and IOSCO compliant methodology, have delivered hedge fund performance to institutions since 2003.
The Alger Dynamic Opportunities Fund is a long/short hedged equity fund that invests primarily in US-domiciled companies. The fund aims to provide investors with long-term capital appreciation, downside protection and lower volatility. Investors gain access to two growth equity managers, Fred Alger Management, LLC and Weatherbie Capital, LLC, which have a combined 25-plus years of hedged equity experience. The portfolio management team is led by Alger CEO and Chief Investment Officer Dan Chung, CFA.
Alger Executive Vice President and Chief Distribution Officer Jim Tambone said the inclusion reflects the firm's experience managing long/short strategies, the fund's strong performance and attractive risk scores, and its approach to long and short investing across the market-capitalization spectrum. Ken Heinz, president of Hedge Fund Research, Inc., said Alger's investment process, performance and institutional background make it a fit for the benchmark, which he described as the preferred benchmark for leading global investors and managers.
Alger has provided asset management capabilities in the United Kingdom and Europe for over two decades and opened its London-based office in 2014. The firm currently manages $1.7 billion in assets for its international clients.
The Alger Dynamic Opportunities Fund is a long/short hedged equity fund that invests primarily in US-domiciled companies. The fund aims to provide investors with long-term capital appreciation, downside protection and lower volatility. Investors gain access to two growth equity managers, Fred Alger Management, LLC and Weatherbie Capital, LLC, which have a combined 25-plus years of hedged equity experience. The portfolio management team is led by Alger CEO and Chief Investment Officer Dan Chung, CFA.
Alger Executive Vice President and Chief Distribution Officer Jim Tambone said the inclusion reflects the firm's experience managing long/short strategies, the fund's strong performance and attractive risk scores, and its approach to long and short investing across the market-capitalization spectrum. Ken Heinz, president of Hedge Fund Research, Inc., said Alger's investment process, performance and institutional background make it a fit for the benchmark, which he described as the preferred benchmark for leading global investors and managers.
Alger has provided asset management capabilities in the United Kingdom and Europe for over two decades and opened its London-based office in 2014. The firm currently manages $1.7 billion in assets for its international clients.
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