ALPINE ASSOCIATES MANAGEMENT INC. Profile
Alpine Associates Management Inc. is a hedge funds sponsor based out of Cresskill, New Jersey. The company was originally established in 1976 and was previously known as Alpine Associates Advisors. Alpine Associates Management has grown from its inception to now operate with 43 employees of which 14 are investment professionals and is headed by Robert E. Zoellner, who acts as the CEO and co-CIO of the company. The firm utilizes a technical and fundamental methodology to make its investment decisions, allocating its assets in the public equity markets within the United States. Alpine Associates Management invests most heavily in the information technology sector, which alone makes up over a third of the firm’s total asset allocations, and also invests in the health care, other, finance, energy, industrials, and consumer staples sectors, among other sectors to a lesser degree, in order of decreasing allocations. The company, on average, holds its allocations for only 1.08 quarters and, in the most recent quarter, had a turnover rate of approximately 94.9%. Alpine Associates Management oversees over $3.6 billion in total assets under management spread across 9 total accounts, all of which are discretionary accounts. Both of the company’s total number of accounts and total assets under management have been increasing in recent years with the company’s total number of accounts having been at 5 back in 2010 and Alpine Associates Management’s total assets under management increasing significantly, growing from $1.44 billion five years ago to well over twice that amount today. The company mainly caters to pooled investment vehicles, which alone makes up almost the entirety of Alpine Associates Management’s clientele, and also caters to corporations and other businesses to a lesser degree. Alpine Associates Management currently offers three specific strategies to its clients, including its Merger Arbitrage, Long Short Equity, and Convertible Arbitrage and Credit Opportunities strategies.