Pros
The characterization by this former employee is not consistent with my observations or experiences over my 2+ years at Alger. In fact, it reads like a “hit job” by a disgruntled former employee and I do not think it is fair (or accurate) to the existing hard-working team of professionals.
PMs and Analysts at Alger take very seriously the responsibility of investing other people’s money – it’s not an academic exercise. We have been entrusted with the financial savings and assets of individuals and institutions, including teachers, first responders, and union pension funds, among others. Alger is (unapologetically) not a “lifestyle” firm, we are serious investors operating in a very competitive industry. Our short- and long-term investment results are extraordinary, in my view, and have been achieved through hard work and consistently applying a 60-year-old investment process. We have been recognized for this for decades. These results did not come easy.
Meetings with PMs and Analysts can be demanding. In addition to generating investment performance, PMs are responsible for developing the next generation of investment talent at Alger. Given our track record, we believe we have done this quite well. To be right as much as possible can mean serious meetings where complete, accurate and thoughtful work is expected to be delivered by the research team and sometimes spirited and professional debate is required.
This industry is not for everyone. If you aspire to be a great investor, however, there are few places better than Alger to start your career.
Cons
I don't have anything worth flagging.
