New York, NY (PRWEB) April 03, 2013
The Focus Strategy, which complements Alger’s existing large cap-anchored strategies, seeks long-term capital appreciation by following an investment strategy that concentrates the portfolio’s holdings to generally less than 50 securities. The Focus Strategy has the ability to invest in any company our analysts believe has growth potential, regardless of market capitalization, while maintaining an anchor in large cap.
Additionally, the Focus Strategy follows Alger’s, nearly 50-year old investment philosophy of targeting companies experiencing Positive Dynamic Change, which are companies experiencing high unit volume growth or positive life cycle change. The Focus Strategy also follows Alger’s investment process, which relies on the collective resources of Alger analysts who perform original, fundamental, bottom-up research. Our analysts are sector specialists and through their research, they develop their highest conviction ideas for the portfolio managers to consider.
Patrick Kelly, CFA, a 13-year veteran of Alger, is the portfolio manager of the Focus Strategy. He was trained “the Alger way” as he rose from research associate to senior analyst on his way to becoming a portfolio manager in 2004 of Alger’s large cap and all cap strategies.
“This concentrated version of our popular Capital Appreciation strategy enables us to invest in fewer and larger positions of our strongest ideas,” said Patrick. The strategy offers greater long-term reward potential for those investors who understand the risks of investing in a more concentrated portfolio,” added Patrick.
The Focus Strategy is available as an open-end mutual fund to retail and institutional investors, a separately managed account (SMA), and an institutional separate account.
“This strategy represents a great addition to our diversified growth equity line‐up, and the assets we’ve quickly raised since the launch demonstrate that investors are interested in concentrated solutions from proven asset managers,” said Dan Chung, CEO and Chief Investment Officer of Fred Alger Management, Inc. “We are an analyst-driven culture and we believe we have some of the best analytical minds in the business doing intensive research. The firm is very pleased this strategy has had early success, which can help our clients meet their investment needs,” added Dan.
About Patrick Kelly, CFA
Patrick Kelly is Executive Vice President of Alger and Portfolio Manager of the Alger Capital Appreciation, Alger Capital Appreciation Focus, Alger Spectra, and Alger Dynamic Return strategies. He joined Alger in 1999 and has 16 years of investment experience. Previously, Patrick was an investment banking analyst with SG Cowen. He began his career at Alger as a Research Associate and completed Alger’s in-house analyst training program. In early 2001, Patrick was promoted to Associate Analyst and Assistant Vice President, and in September of 2001 he was promoted to Senior Analyst. As a Senior Analyst, he was responsible for the Technology sector. Patrick was named Manager of Alger’s multi-cap portfolios in September 2004. He graduated with honors from Georgetown University. Patrick is a CFA charterholder and a member of the CFA Institute.
About Fred Alger Management, Inc.
Fred Alger Management, Inc. was founded in 1964 and as of March 31, 2012 managed approximately $18.6 billion. Alger's investment philosophy is focused on discovering companies undergoing Positive Dynamic Change, which we believe offer the best investment opportunities. Alger investment strategies are available to institutional investors through separate accounts and mutual funds and to retail investors through Alger mutual funds. Fred Alger & Company, Incorporated, a broker-dealer and the parent company of Fred Alger Management, Inc. offers mutual funds as well as institutional funds for defined benefit and defined contribution plans. For more information, please visit http://www.alger.com.
Before investing, carefully consider the Fund’s investment objectives, risks, charges, and expenses. For a prospectus or summary prospectus containing this and other information about the Fund, call (800) 992-3863, visit http://www.alger.com, or consult your financial advisor. Read it carefully before investing.
Distributor: Fred Alger & Company, Incorporated. Member NYSE Euronext, SIPC.
NOT FDIC INSURED. NOT BANK GUARANTEED MAY LOSE VALUE.