Alger Licenses Precidian’s ActiveShares® Exchange-Traded Fund Structure
Summary
The Precidian model enables Alger to deliver actively managed investment strategies in an ETF vehicle without disclosing holdings on a daily basis. We believe Precidian is a disruptor within the asset management industry and we look forward to serving the needs of our clients who prefer an ETF structure for their allocation models,” said Jim Tambone, Chief Distribution Officer at Alger. Headquartered in New York City with affiliate offices in Boston and London, Alger provides U.S. and non-U.S. institutional investors and financial advisors access to a suite of growth equity separate accounts, mutual funds, and privately offered investment vehicles. Precidian designs diversified client base and develops next-generation tools for the mutual fund industry, ETF providers and leading financial services institutions to meet the needs of today’s more sophisticated investors. Expertise in product development, trading, clearance, sales, technology, and securities law enables Precidian to more efficiently design and build cutting-edge financial instruments.