“Our team of investment professionals is committed to providing clients with the level of service and quality investment process that has been our trademark since 1964." Dan Chung, CEO
New York (PRWEB) July 15, 2010
Fred Alger Management, Inc. is pleased to announce that it has been awarded four new separate account mandates from the Laborers Local 57 Industrial Pension Fund of Philadelphia, PA, UFCW Local 1500 Pension Fund, United Independent Union – Newspaper Guild of Greater Philadelphia Pension Plan, and Teamsters Local 639 – Employers Pension Trust. All of these clients will be utilizing Alger’s Capital Appreciation strategy. The portfolios will be managed by Patrick Kelly, CFA, Executive Vice President, along with the team of nearly 30 investment professionals at Alger. Alger’s Portfolio Managers and Analysts utilize its time-tested philosophy of investing in companies undergoing Positive Dynamic Change, which has been in place since Alger was founded over 45 years ago.
“We are honored to have been selected by these four pension plans.” said Dan Chung, CEO. “Our team of investment professionals is committed to providing these new clients with the high level of client service and quality investment process that has been our trademark since 1964."
Fred Alger Management, Inc. was founded in 1964 and currently manages more than $12 billion. Alger's investment philosophy is focused on discovering companies undergoing Positive Dynamic Change, which we believe offer the best investment opportunities. Alger investment strategies are available to institutional investors through separate accounts and mutual funds and to retail investors through Alger mutual funds. Fred Alger & Company, Incorporated, a broker-dealer and the parent company of Fred Alger Management, Inc. offers mutual funds as well as institutional funds for defined benefit and defined contribution plans. For more information, please visit http://www.alger.com.