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.

This year, the firm again worked with The Nature Conservancy and the Working Woodlands program to support a New York-based forest management project to secure additional carbon offset credits. Additionally, Alger undertook additional steps to reduce the firm’s impact on the environment.

Since 2020, Alger and its employees have contributed more than $940,000 to such organizations. The donations are made in memory of the 35 colleagues the firm lost on September 11, 2001.

Alger announced that Christoph Hofmann, CFA, has joined the firm as its chief distribution officer, as well as being named president of Fred Alger & Company, LLC, the distributor of the Alger Funds. Christoph will be responsible for leading the global sales, marketing and distribution efforts of Alger’s products across all its channels.

Alger has announced that Brandon Geisler has joined the firm as senior vice president, portfolio manager. Brandon will be responsible for managing the Alger Mid Cap Growth Strategy, including the Alger Mid Cap Growth Fund (AMCZX), with Dan Chung, CEO and Chief Investment Officer.

Alger is pleased to announce that Dan Chung was presented with the Brooklyn Without Borders Medal and accepted this award on behalf of Alger and its employees.