The Alber equation is the mixed-state nonlinear Schrödinger equation with singular (-interaction) kernel. It is used in the modeling of stochastic ocean waves, where it appears with the focusing sign in the nonlinearity, on The main result of the paper is global well-posedness for self-adjoint, non-negative data in the Schatten-Sobolev space for both the focusing and defocusing cases. The Schatten class norms achieve control of the position density without derivative loss, and a systematic Fourier-Galerkin argument tailored to the kernel allows us to establish several qualitative properties of the solution, including energy conservation. In the focusing case, Hoffmann-Ostenhof and Gagliardo-Nirenberg estimates yield a global a priori bound with no smallness condition. Non-negativity is a structural requirement for the energy argument to work. The propagation of higher Sobolev regularity follows. As an application, small perturbations around Penrose-stable backgrounds are shown to grow at most polynomially in over long timescales.

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