Alger announced that George Ortega has been promoted to Portfolio Manager, and he has been added as a Portfolio Manager to the Alger Dynamic Return, Alger Dynamic Opportunities and Alger 35 strategies.

Alger has announced that it has agreed to acquire Massachusetts-based Redwood Investments, LLC, a specialized global growth equity manager with over $1.6 billion in assets under management.

Alger has announced that John Stergiou has joined as Senior Vice President, Head of National Accounts. He will be responsible for expanding the firm’s business development efforts across the retail channel.

Alger announced that it is expanding its global distribution presence with the hiring of two senior professionals in Europe and Asia.

Alger announced its support for Billion Oyster Project, a New York City-based nonprofit organization with a mission to restore one billion oysters to New York Harbor by 2035. Alger’s support extends through in-person volunteering activities and donations in memory of Alger colleagues who perished in the tragic events of 9/11.

Alger announced today a new agreement under which BNY Mellon will deliver a comprehensive suite of innovative solutions and services designed to provide Alger with operational alpha.

Alger announced that Matthew McCormick has joined as Senior Vice President, Head of Institutional Sales. Matt will be responsible for leading all aspects of the institutional business development of Alger’s investment strategies with consultants, corporations, pension plans, and foundations and endowments.

Alger announced the launch of the Alger Weatherbie Enduring Growth ETF (AWEG), a high-conviction, focused portfolio of 30 or fewer growth equities. This is the third non-transparent actively managed ETF in Alger’s suite of focused, high conviction portfolios and Alger’s first ETF with a dedicated ESG mandate.