New York, NY (PRWEB) November 26, 2013
Fred Alger Management, Inc., a leading asset management firm, has announced that Matthew Margolis has joined Alger as Vice President, Analyst as part of the healthcare team and will be responsible for healthcare services, including managed care and hospitals.
Matthew, who has 10 years of investment experience, was most recently a senior analyst at Critical Mass Partners (formerly Millennium Management LLC) where he was responsible for generating long and short investment ideas in the healthcare sector. His previous positions include portfolio manager at Surveyor Capital (formerly Citadel Investment Group), equity analyst at Moore Capital Management and Highside Capital Management, and investment banking analyst at Morgan Stanley. Matthew earned his B.A. from Amherst College.
The healthcare sector team, which has an average of 12 years of experience, includes Joel Emery, CFA, Vice President, Analyst, Soon Hyouk Lee, Vice President, Analyst, and Karen Jay, Ph.D., Associate Analyst. The team follows Alger’s proven investment philosophy of identifying companies undergoing Positive Dynamic Change and Alger’s investment process based upon original, bottom-up, fundamental research.
“Matthew is an excellent addition to the Alger investment team,” said Dan Chung, CEO and Chief Investment Officer of Alger. “He brings valuable experience to our healthcare team, and I’m certain that his contributions in this important sector will continue to drive future growth for Alger and our clients.”
About Fred Alger Management, Inc.
Fred Alger Management, Inc. was founded in 1964 and as of September 30, 2013 managed more than $19 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.