Alger Hires Senior Small Cap Equities Portfolio Manager

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Fred Alger Management, Inc. announced today the addition of veteran Small Cap Equity portfolio manager, Amy Y. Zhang, CFA, who will further expand Alger’s investment abilities in Small Cap Growth equities.

Our deep research team – built upon an original, fundamental bottom-up, research process – will give Amy extensive resources to supplement her focused small cap portfolio management talent.

Fred Alger Management, Inc. (“Alger”), a leading asset management firm, announced today the addition of veteran Small Cap Equity portfolio manager, Amy Y. Zhang, CFA, who will further expand Alger’s investment abilities in Small Cap Growth equities. Amy joins as a Senior Vice President and will serve as a Portfolio Manager on the Alger Small Cap Growth strategies alongside current long-time Portfolio Manager Jill Greenwald. In addition, Amy has been named as Portfolio Manager of the Alger Growth Opportunities Fund.

Amy has 18 years of investment experience. She was most recently at Brown Capital Management where, for the last 12 years, she was one of the long tenured portfolio managers of the Morningstar 5-star and Gold-rated Brown Capital Small Company Fund. While at Brown Capital Management, Amy played a significant role growing assets under management using a fundamental, bottom-up research style. Prior to Brown Capital Management, Amy was at Epsilon Investment Management as well as Templeton Worldwide in both analyst and portfolio manager roles.

“Amy brings to Alger significant experience and proven performance in small cap growth equities and we are pleased that she has chosen to join us. Our deep research team – built upon an original, fundamental bottom-up, research process – will give Amy extensive resources to supplement her focused small cap portfolio management talent, ” said Dan Chung, CEO and Chief Investment Officer. “As a long-time leader in the small cap growth equity space, Jill Greenwald has extensive investment experience. I’m optimistic that their teamwork and collaboration will enhance our already strong team and provide compelling returns for our shareholders.”

“My admiration for Alger and its people has grown over the years and I am thrilled to join Alger, a firm that is a pioneer of growth–style investing and whose breadth of resources spans a 40+ person investment team. I am excited to have an opportunity to work, not only with Jill, but with such a deep pool of talented investment professionals” said Amy.

Amy earned her B.A. in Economics from Manhattanville College, where she was Summa Cum Laude. She received her M.B.A. in Finance from Columbia Business School, where she was inducted into the Beta Gamma Sigma honor society and named to the Dean’s List. She is also a member of the Columbia Business School Ambassadors Program. Amy is a former President of the CFA Society Baltimore and is currently chair of their Advisory Board. She also serves as Board of Director, Vice President and Programs Chair for the CFA Society Stamford.

About Fred Alger Management, Inc.
Fred Alger Management, Inc. was founded in 1964 and as of December 31, 2014 managed more than $22.4 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.

Before investing, carefully consider the Fund’s investment objective, risks, charges, and expenses. For a prospectus or summary prospectus about the Fund, call (800) 992-3863, visit http://www.alger.com, or consult your financial advisor. Read it carefully before investing.

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