Melbourne Capital Group adds Alger to List of Providers: Bringing Six Decades of Growth Equity Excellence to Our Clients

Rob Atherton, Head of International Wealth, sits down with Daniel Chung, CEO and CIO of Alger, to discuss growth investing, market opportunities, and the firm's expansion into Asia

Melbourne Capital Group is pleased to announce the addition of Alger to our list of providers, joining our carefully curated selection of investment solutions for our international clients. Alger is a leading US-based investment management company renowned for its specialised expertise in growth equity investing. As an independent financial services firm committed to providing tailored corporate and personal wealth management solutions, we continuously seek best-in-class partners to help our clients achieve their financial goals.

In an exclusive video interview, Rob Atherton, our Head of International Wealth, spoke with Daniel Chung, CEO and CIO of Alger, about the firm's distinctive investment philosophy, thematic opportunities in transformative sectors, and their strategic expansion into the Asian market.

Understanding Positive Dynamic Change: Alger's Proven Investment Philosophy

For over 60 years, Alger has pioneered a growth equity strategy centered on a powerful concept: positive dynamic change. This approach focuses on identifying companies at inflection points, those either leading industry disruption or undergoing fundamental transformations that signal renewed growth trajectories.

As Chung explains in our conversation, Alger's strategy targets two key categories:

High Unit Volume Growth Opportunities: Companies that are the fastest-growing and most innovative within their industries, often at the forefront of technological or business model innovation.

Growth Renaissance Stocks: Established companies experiencing restructuring, management changes, or strategic realignment that position them for significant future growth.

This disciplined approach has delivered impressive results. In 2024, Alger funds secured the top five actively managed US stock positions in the Wall Street Journal's Winner's Circle rankings, with the Focus Equity Fund claiming the number one spot; a testament to the firm's ability to identify and capitalise on long-term secular growth trends.

The Alger Difference: Independence and Specialisation

What sets Alger apart in the crowded asset management landscape? Unlike many global managers tied to large banking institutions, Alger is a privately held, independent investment boutique. This structure provides several key advantages:

Long-term Focus: Free from quarterly earnings pressures that often drive short-termism in publicly traded firms, Alger can maintain a patient, multi-year investment perspective.

Specialised Expertise: While many large asset managers spread resources across multiple asset classes, Alger remains laser-focused on its core competency—growth equities. This singular focus has enabled the development of world-class research capabilities and deep sector expertise.

Flexible Partnerships: As a specialist firm rather than a massive conglomerate, Alger can offer bespoke solutions, co-investment opportunities, and tailored strategies aligned with the needs of sophisticated investors.

Additionally, Alger is 100% women-owned; an uncommon distinction in the global asset management industry that reflects the firm's unique approach and values.

The Case for US Growth Equities in Overseas Portfolios

Despite increasing portfolio globalisation, Chung makes a compelling case for why US growth equities should remain a core allocation for overseas investors.

Innovation Leadership: The United States continues to host the world's most dynamic and innovative companies, particularly in AI, biotech, e-commerce, and cloud computing, sectors driving global economic transformation.

Market Depth: US capital markets offer unparalleled depth, liquidity, and transparency, providing investors access to companies at every stage of the growth lifecycle.

Diversification Benefits: For foreign investors with significant home-country exposure, US growth equities provide geographic and sector diversification while accessing different economic drivers.

Why Asia, Why Now: Alger's Strategic Expansion

Alger's decision to expand into Asia reflects both opportunity and timing. The region's wealth management landscape is evolving rapidly, with a growing population of high-net-worth and ultra-high-net-worth individuals seeking sophisticated, specialised investment solutions.

As Chung elaborates, investors in Asia are increasingly looking beyond traditional allocation approaches and seeking managers with deep expertise in specific strategies or sectors. Alger's six decades of specialisation in growth equity investing, combined with its thematic capabilities in AI and life sciences, positions the firm to meet this demand.

Meeting the Needs of Investors in Asia

Alger's approach to serving investors emphasises several key elements:

Bespoke Solutions: Working closely with private banks, multi-family offices, external asset managers, and family offices to develop customised investment solutions tailored to specific client needs and objectives.

Direct Engagement: Providing Asian investors and their advisors with direct access to Alger's investment team through both virtual and in-person meetings, ensuring clear understanding of investment strategies and portfolio positioning.

Partnership Approach: Viewing relationships as long-term partnerships rather than transactional arrangements, with a commitment to ongoing education, support, and collaborative solution development.

Cultural Understanding: Recognising that in Asian markets, relationships matter deeply. Alger is committed to investing the time and resources necessary to build trust and demonstrate their long-term commitment to the region.

Melbourne Capital Group and Alger: A Natural Partnership

At Melbourne Capital Group, we believe having Alger onboard represents a natural alignment of values and capabilities. Like Alger, we are an independent firm committed to putting client interests first. We share a belief in specialised expertise, long-term thinking, and the importance of building enduring relationships based on trust and performance.

For our clients, this solution provides:

• Access to a proven growth equity specialist with six decades of experience

• Exposure to thematic strategies in AI and life sciences, sectors driving future economic growth

• The ability to allocate to US growth equities through multiple strategy options suited to different risk profiles and objectives

• The benefit of active management from a firm with demonstrated skill in identifying mispriced growth opportunities

In our interview with Chung, he mentions "Our goal is to help investors capture the opportunities that dynamic change creates—because change is where growth happens."

In an era of unprecedented technological advancement, demographic shifts, and evolving business models, the ability to identify and invest in companies positioned to benefit from positive dynamic change has never been more valuable.

For more information about how Alger's strategies might fit within your investment portfolio, please contact your Melbourne Capital Group advisor or reach out to us at info@melbournecapitalgroup.com  

About Alger

Founded in 1964, Alger is a privately held, independent investment management firm specializing in growth equity investing. With over $30 billion in assets under management, Alger serves institutional investors, private banks, family offices, and wealth managers globally through its suite of growth equity and thematic investment strategies.

This article is for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results. All investments carry risk, including the potential loss of principal.