The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Alger Lifts Out an Allianz Team Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, March 06, 2013

Alger Lifts Out an Allianz Team

Reported by Tommy Fernandez

New York growth shop Fred Alger has hired away a three-PM international equity team from Allianz.

The team consists of Pedro Marcal, who will serve as senior vice president and PM, and Ajoy Reddi and Warren Zhang, who will both serve as vice presidents and analysts.

Here is the press release:
Company Press Release

Alger Hires International Portfolio Management Team

NEW YORK-- Fred Alger Management, Inc. (Alger), a leading asset management firm, announced today the addition of a well-respected and experienced international team to the organization. Pedro Marcal, Senior Vice President and Portfolio Manager, and Ajoy Reddi and Warren Zhang, CFA, Vice Presidents and Analysts, will further expand Alger’s investment abilities in international equity markets.

Pedro Marcal has 24 years of investment experience and was most recently International Portfolio Manager, EAFE Core Growth/Pacific Rim, at Allianz Global Investors. While at Allianz, and its predecessor Nicholas- Applegate Capital Management, Pedro focused on international equities including developed and emerging markets. He helped develop many of the firm’s emerging markets products before moving on to global and developed international equity portfolios. Pedro earned his B.A. from University of California at San Diego and his M.B.A. from UCLA’s Anderson School of Management.

Ajoy Reddi has 16 years of investment experience and was most recently International Analyst at Allianz Global Investors where he focused on European equities. Prior to Allianz, Ajoy was an international research analyst at William Blair & Company. His previous experience also includes an analyst role at Franklin Templeton Investments. Ajoy earned his B.A. from Johns Hopkins University and his M.B.A. from University of Chicago Graduate School of Business.

Warren Zhang, CFA has 17 years of investment experience and was most recently Vice President, Analyst at Allianz Global Investors where he focused on Asian equities. Prior to Allianz, he was an emerging markets equities analyst at Morgan Stanley Investment Management. Warren was also an analyst at Fiduciary Trust International. Warren earned his B.S. in Civil Engineering from Tongji University in Shanghai, China. He earned his M.A. in Economics from the University of California at Riverside and his M.A. in Finance from Yale University School of Management. In addition, Warren is a CFA charterholder.

“Pedro, Ajoy, and Warren bring significant experience in international equity markets to Alger,” said Dan Chung, CEO and Chief Investment Officer. “We expanded our international capabilities in 2010 with the hiring of our emerging markets team headed by Deborah A. Vélez-Medenica, CFA. Adding Pedro and his team enhances our international capabilities and deepens our commitment to these important markets. We believe the opportunities for investing globally are significant and are of particular interest to us as pioneers of growth investing,” added Dan.

Alger’s seven international professionals have, collectively, more than 100 years of international investing experience.

“We believe our international team, in combination with our nearly 30 person U.S. investment team, will give Alger unique insights into investment opportunities in the U.S. and abroad, which will benefit our clients and shareholders,” said Dan.

“I am truly excited to join a firm that is a pioneer of growth-style investing,” said Pedro Marcal. “My team and I were looking for an organization with a similar style and philosophy of growth investing, which we found at Alger. We look forward to expanding Alger’s investments in international markets as we seek to earn superior returns for clients,” added Pedro.

About Fred Alger Management, Inc.

Fred Alger Management, Inc. was founded in 1964 and as of December 31, 2012 managed more than $16 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 www.alger.com.

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use