David B. Molnar, CFA Joins Alger as Vice President, Analyst

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Fred Alger Management, Inc. announced that David B. Molnar, CFA has joined as Vice President, Analyst for Alger’s emerging markets team. David joins Alger’s existing emerging markets team headed by Deborah Vélez Medenica, CFA.

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Emerging markets are continuing to experience significant and rapid growth,” said Alger CEO Dan Chung. "David is an excellent addition to our emerging markets team.

Fred Alger Management, Inc. (Alger), a leading asset management firm, today announced that David B. Molnar, CFA has joined as Vice President, Analyst as part of Alger’s emerging markets team. David joins Alger’s existing emerging markets team of three investment professionals, headed by Deborah Vélez Medenica, CFA.

David has 14 years of investment experience, most recently as managing director/portfolio manager for Global Equities at PineBridge Investments and its predecessor. Prior to PineBridge, David was portfolio manager and head of East European Equity Product at Vontobel Asset Management AG in Zurich. David earned his B.A. from Haverford College, a Diploma in Economics from the London School of Economics and Political Science, and a M.A. in Law and Diplomacy from the Fletcher School of Law and Diplomacy at Tufts University. In addition, David is a CFA charterholder and a member of the CFA institute.

“David is an excellent addition to our emerging markets team,” said Dan Chung, CEO and Chief Investment Officer of Alger. “He rounds out our existing team, whose members have an average of 15 years of experience in emerging markets.”

The emerging markets team follows Alger’s proven investment philosophy of identifying companies undergoing Positive Dynamic Change and Alger’s investment process based upon proprietary, in-depth fundamental research, to enable investors to potentially benefit from the growth of emerging markets across the globe.

“Emerging markets are continuing to experience significant and rapid economic, political, and social growth,” said Dan. “We believe this growth may support corporate earnings growth, which will, in-turn, generate long-term sustainable equity performance.”

About Fred Alger Management, Inc.
Fred Alger Management, Inc. was founded in 1964 and as of June 30, 2011 managed more than $17 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.

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