Alger Capital Appreciation Institutional Fund Class I (ALARX)
Alger Capital Appreciation Institutional Fund Class I operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $61.44, up 0.00% on the session, giving a market capitalisation of $6.64B. Its beta of 1.50 implies it has historically moved more than the broad market.
This fund's primary objective is to generate long-term capital appreciation. It typically achieves this by investing a significant portion of its assets—specifically, at least 85% of its net assets and any funds borrowed for investment purposes—into equity securities. The fund targets companies across the entire market capitalization spectrum that its adviser identifies as exhibiting promising potential for growth.
Alger Capital Appreciation Institutional Fund Class I is most often compared with the following Financial Services names: