Fred Alger Management has launched the Alger Capital Appreciation Focus Strategy (ALGRX, ALGIX), which follows an investment strategy that concentrates the portfolio’s holdings to generally less than 50 securities.
The strategy has the ability to invest in any company that Alger’s analysts believe has growth potential, regardless of market capitalization, while maintaining an anchor in large cap.
Current top holdings include Apple, CVS Caremark, Time Warner Cable, FedEx and IBM, according to Morningstar.
The Focus Strategy, which was launched at the end of last year, has gathered nearly $200 million, according to Alger. The strategy is available as a mutual fund, separately managed account and an institutional separate account.