Alger Expands Institutional and Retail Sales Teams

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Fred Alger Management, Inc. announced today the addition of two senior members to its sales teams. John P. Carbone has joined as Senior Vice President, Institutional Sales & Service and Matthew J. Goldberg has joined as Senior Vice President, Divisional Sales Manager.

These additional hires complement the ongoing growth we have had within our investment team of analysts and portfolio managers, as well as our firm’s assets under management, which is near an all-time high.

Fred Alger Management, Inc., a leading asset management firm, announced today the addition of two senior members to its sales teams. John P. Carbone has joined as Senior Vice President, Institutional Sales & Service and Matthew J. Goldberg has joined as Senior Vice President, Divisional Sales Manager.

John, whose addition expands Alger’s Institutional Sales & Service team, will focus on growing sales and managing ongoing institutional relationships. He, along with the existing institutional team, will be responsible for fostering new relationships and increasing market presence in the institutional, consultant, and certain retirement and bank trust markets. John will report to Jim Tambone, Executive Vice President, Chief Distribution Officer.

Matt will lead and develop Alger’s team of Regional Marketing Managers located in the western half of the U.S. His team is responsible for growing existing relationships and creating new relationships with advisors in wirehouses, independent broker-dealers, and RIA offices, as well as expanding Alger’s market reach of growth equity strategies (including long/short equity, international, emerging markets, and focused/high active share strategies). Matt will report to Elizabeth Clapp-Carey, CIMA, Senior Vice President, Head of Retail Sales.

“I’m quite pleased that John and Matt have chosen to join Alger. Their respective experience in the institutional and retail marketplaces will provide additional support to existing relationships while expanding on the significant growth Alger has had over the past five years,” said Jim. “These additional hires complement the ongoing growth we have had within our investment team of analysts and portfolio managers, as well as our firm’s assets under management, which is near an all-time high.”

John, who has 20 years of experience, was most recently at BNY Mellon Investment Management, where he grew revenue through direct sales to corporate retirement plan sponsors on the East Coast. Prior to BNY Mellon, John held senior institutional sales roles at The Hartford and Mellon Financial. Additionally, John coordinated benefit administration delivery and client servicing at Hewitt Associates. John resides in the Boston area and earned his B.S. in Finance from Providence College.

Matt, who has 24 years of experience, has spent his entire investment career at Columbia Threadneedle Investments (and its predecessors), most recently as Divisional Vice President for the West Coast and, previously, as Regional Vice President in California. Matt resides in Southern California and earned his B.S. in Finance from Lehigh University.

About Fred Alger Management, Inc.
Fred Alger Management, Inc. was founded in 1964 and as of June 30, 2015, managed more than $23.8 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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