Fred Alger Management, Inc.’s Alger Small Cap Focus strategy has hit AUM of $650m (€529m) amid a push by €65bn manager La Française to push the strategy’s Sicav equivalent across Continental Europe, having already attracted some $52m (€42m) in European investments.
La Française’s involvement comes via a collaboration agreement on fund distribution, market development, and product diversification in place since February 2015.
Alger Sicav a Luxembourg Ucits vehicle, makes the Fund available to non-US investors in both dollar denominated and hedged euro denominated share classes.
The small cap portfolio generally holds fewer than 50 securities, and seeks to outperform the Russell 2000 Growth index. The recommended investment period is more than five years.
Amy Zhang, senior vice president of Fred Alger Management, Inc., which is the sub-portfolio manager/investment adviser to Alger Sicav, has 22 years of investment experience and is a specialist in small cap growth equities.
“We look for companies that are on the cutting edge of innovation. These are companies that have the potential to transform industries and disrupt the status quo,” she said.
“We look for opportunities in growth sectors, such as technology and health care.”
Investment decisions are based on proprietary fundamental research on companies.
Philippe Lecomte, CEO of La Française AM International, added: “Amy’s strategy is a focused, ‘best ideas’ portfolio that is meaningfully differentiated from other small cap funds, which makes it of great interest to European investors.”