New York, NY (PRWEB) January 30, 2014
Ankur is a Senior Vice President and head of the Alger Technology sector team where she oversees the firm’s research across a variety of industries, including consumer technology, hardware, semiconductors, and the internet. Built on fifty years of philosophy and process, Alger’s research is the engine that drives the firm’s strong long-term returns. Ankur is also a co-portfolio manager of Alger’s Mid Cap Growth strategy.
Ankur joined Alger in 2004 after earning a Ph.D. in Materials Science and Engineering from Stanford University. She was a recipient of the Intel Ph.D. Fellowship for outstanding graduate research, and she was selected for the prestigious NRC fellowship offered by the National Academy of Science. Ankur is a co-author of several patents and papers in the field of materials science. She graduated from the University of California, Berkeley, with a B.S. in Mechanical Engineering and a B.S. in Materials Science and Engineering.
“I am very pleased to welcome Ankur as a partner of Alger,” said Dan Chung, CEO and Chief Investment Officer of Alger. “For nearly 10 years, Ankur has contributed to Alger’s success through her insightful, fundamental research and performance-driven investment ideas. She is an accomplished portfolio manager and leader at Alger. Our Partners Plan represents the highest level of achievement at Alger and recognition of the individuals we believe represent Alger’s leadership today and in our future.”
Alger Partners Plan, which was launched in 2009, now includes six of Alger’s senior leaders. The Partners Plan, along with the Alger Profit Participation Plan, are incentive programs developed to enable key personnel of Alger to share in the growth of the firm, while at the same time aligning their interests with those of our shareholders and clients.
The Alger Profit Participation Plan added three participants in 2013, bringing the total number of participants to 37. Developed in 2006, grants in the plan enable select employees at Alger to share in the success of the firm through a wealth-building program, which is linked to performance of our clients’ portfolios as well as the growth of Alger’s operating profits. Today, more than 26% of Alger employees have grants in the plan. In addition, 100% of the senior investment team that has been with Alger for at least one year participates in the plan. The plan has more than doubled its number of participants since 2008.
“All of Alger’s compensation programs have been designed to incentivize our employees based on their long-term performance and their contributions to the organization,” added Dan.
About Fred Alger Management, Inc.
Fred Alger Management, Inc. was founded in 1964 and as of December 31, 2013 managed more than $21 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.