Alger Wins 2025 Asset Manager of the Year at Envestnet Awards Ceremony

Alger Earns the Coveted Title of 2025 Asset Manager of the Year

In a noteworthy event hosted at the luxurious Vinoy Resort in St. Petersburg, Florida, Envestnet recently announced its 2025 Asset Manager of the Year Awards. Among the recognized winners was Alger, which received the prestigious honor for its Alger Capital Appreciation SMA. This acknowledgment marks the 21st consecutive year that Envestnet has celebrated outstanding performers in the realm of asset management.

Envestnet has been instrumental in shaping the financial advice industry for 25 years, providing wealth managers with advanced technology and insights. The awards are a testament to the commitment of asset managers who demonstrate excellence amid varying market conditions. As Dana D'Auria, CFA and Co-Chief Investment Officer at Envestnet Solutions, stated, "Congratulations to Alger for being named Manager of the Year. This year’s winners have not only delivered solid results during a time of economic uncertainty but have also redefined benchmarks for client dedication and innovation."

The nominees for the Manager of the Year award are selected from a diverse collection of mutual funds, SMAs, model portfolios, and ETFs available on the Envestnet platform. Each strategy is evaluated by a diligent research and due diligence team, ensuring that only the most qualified firms are considered for this prestigious award.

The 2025 Category Winners included top performers across various asset classes, highlighting the competitive landscape of asset management. In the Multi-Asset category, Fidelity's Target Allocation portfolios took home the award, showcasing their adaptive strategies for investment growth. Similarly, AB's Tax Aware Fixed Income Managed Account was celebrated in the Fixed Income category, demonstrating the increasingly specialized offerings in this segment.

Alger’s recognition underlines its reputation for high-conviction portfolio management. The Alger Capital Appreciation Fund, a key player in the US Large Cap category, secured recognition amidst heavyweight competitors like Federated MDT Large Cap Value and Aristotle Atlantic Core Equity. This achievement underlines Alger's effective strategies in navigating the complexities of the market environment.

Furthermore, the Asset Manager of the Year awards exemplify a commitment to excellence, not just for the winners but for all nominees. Each participating firm has showcased its ability to adapt, innovate, and excel within the realms of investment management, which is increasingly important in today’s unpredictable economic landscape. Dana D'Auria’s remarks perfectly encapsulate this sentiment, acknowledging the dedication of these managers to improve outcomes not just for their clients, but for the entire investment community.

In summary, Alger’s accolade as the 2025 Asset Manager of the Year is a notable highlight in a year characterized by unprecedented challenges and uncertainties in the financial markets. As they continue to evolve and develop their strategies, investors and advisors alike will be eager to see how they maintain this momentum moving forward. The 2025 Asset Manager of the Year Awards serve as a reminder of the pivotal role asset managers play in guiding clients through the complex world of investing, striking a balance between innovation and stability.