New York, NY (PRWEB) October 20, 2011
Alger is pleased to announce that they have been chosen to manage a separate account mandate for the Milk Drivers and Dairy Employees Local Union No. 246 Pension Plan. The Plan selected Alger’s Capital Appreciation strategy. The portfolio 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 follow its time‐tested philosophy of investing in companies undergoing Positive Dynamic Change, a philosophy which has been in place since Alger was founded over 45 years ago.
“We are honored to have been chosen as a manager for the Milk Drivers and Dairy Employees Local Union No. 246 Pension Plan,” said Dan Chung, CEO. “Our team of investment professionals is committed to providing this new client 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 as of September 30, 2011 managed approximately $14 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.