Alger today announced notable developments, including a name change and new share class, in its suite of high conviction, focus portfolios.
Fred Alger Management, Inc. (“Alger”) is pleased to announce that Tina M. Payne has joined as Senior Vice President, General Counsel. Ms. Payne will oversee the legal and compliance departments at Alger. She will play a crucial role by providing counsel to various internal business units, executive management, and the Board of Trustees.
Alger is pleased to announce the introduction of the Alger Responsible Investing Fund. Formerly the Alger Green Fund, the Alger Responsible Investing Fund is broadening its investment criteria by identifying dynamic, growth-oriented companies that conduct their business in a responsible manner reflecting positive Environmental, Social or Governance (ESG) characteristics.
Alger Associates, Inc. (Alger), the parent company of Fred Alger Management, Inc., a leading asset management firm, today announced that it has agreed to acquire Boston-based Weatherbie Capital, LLC (and related companies, collectively “Weatherbie Capital”), a specialized growth equity manager with over $800 million in assets under management.
Dan Chung was featured in a recent article published by BusinessWire regarding his recent work with the Nature Conservancy. The article highlights the Nature Conservancy’s completion of an $8 million private philanthropy commitment toward the creation of the $42 million Caribbean Biodiversity Fund, and endowment supporting the protection and management of 21 million acres of coastal and marine areas. To help the Conservancy fulfill its $8 million commitment toward the Caribbean Biodiversity Fund, Dan created the “Chung Challenge for the Caribbean.”
Alger announced the addition of two experienced retirement industry professionals.
Financial advisors are confident U.S. small-cap equities will help fuel growth within client portfolios, according to a recent survey conducted on behalf of Fred Alger Management, Inc. (“Alger”). More than three-quarters (76 percent) of the survey’s 200 respondents stated that they are currently bullish on U.S. small-cap equities, and nearly all (97.5 percent) believe that investors should have a portion of their portfolios in these stocks.
Alger announced the continuation of its “Think Further” campaign featuring the “Conversations with Tomorrow” film series. First launched in October 2014, the campaign celebrated Alger’s 50th anniversary and encouraged viewers to think critically about the innovations impacting major growth sectors, just as Alger’s analysts do when assessing companies and industry trends. This year, the film series focuses on disruptive technolgies.