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MFWire: Alger Funds
MUTUAL FUND FAMILY PROFILES [BETA]
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Fred Alger Management Inc.
360 Park Avenue South
New York, NY  10010
Google Maps

Contact
Main Phone: 212-806-8800
Web Site: http://www.alger.com/pt/

Mutual Fund Brand(s)
Alger Funds

Research Links
  • SEC Fund Filings by CIK

  • Background:
    Fred Alger founded the eponyomous Fred Alger Management in 1964 and helped pioneer growth-style investment management. The firm has been independent and privately owned since its inception.

    Alger places a high priority on extensive, original, and fundamental bottom-up research, and cites its analysts as the foundation of its investment process. The firm invests in companies undergoing what it calls "positive dynamic change," defined as either high unit volume growth (growing demand, strengthened business model, market dominance, free cash flow) or positive life cycle change (new management, product innovation, new acquisition, benefactor of new regulations).

    Daniel C. Chung is the CEO, CIO, and President of Fred Alger Management. Chung became CIO on September 12, 2001, one day after the September 11 terrorist attacks killed 35 members of the 55-person Fred Alger headquarters staff working on the 93rd floor of the World Trade Center. Among the victims were 20 of the firm's 24 fund managers and analysts, as well as David Alger, Fred Alger's younger brother and the firm's CEO at the time.

    Chung is Fred Alger's son-in-law. He was the highest-ranking employee who survived the attacks. He became president of the company in 2003, and CEO in 2006. Along with founder Fred Alger, who came out of retirement in 2001, Chung helped keep the firm afloat despite the loss of many employees. Chung also manages or helps manage several of Alger's funds.

    The company ran into difficulties in 2005, when months of state and regulatory investigations led the SEC to issue the firm a Wells Notice in December. The probes explored whether several of the Alger Funds were engaging in market timing and late trading -- allegations that several other fund firms were facing at the time. In June 2006, Fred Alger Management reached an agreement to settle the allegations by then-New York Attorney General Eliot Spitzer and the SEC. The firm paid $30 million to reimburse fund shareholders and $10 million in fines, and agreed to reduce management fees for the next five years.

    In June 2008, Alger integrated its Spectra line of no-load funds into the Alger fund family. It began to market the Spectra funds under the Alger brand. Alger converted Class N shares of the Spectra funds into A shares, and added C and I share classes.

    In July 2009, Alger gave itself an even more extensive makeover: the firm developed a new brand identity, logo, and a slogan: "Inspired by Change, Driven by Growth." The company also redesigned its print, web, and media platforms to emphasize its founding role in growth investing.
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    Key People:
    Dan Chung
    Chief Executive Officer, Chief Investment Officer, Portfolio Manager, Fred Alger Management
    Fred Alger
    Founder, Fred Alger Funds
    Hal Liebes
    EVP, Chief Operating Officer, Chief Legal Officer, Fred Alger Management
    Liz Clapp-Carey
    Head of Retail Sales, Fred Alger Management
    Michael DiMeglio
    EVP, Chief Administrative Officer, Fred Alger Management
    Robert Kincel
    SVP, Chief Financial Officer, Fred Alger Management
    Loraine McEvoy
    SVP, Director of Consultant Relations, Fred Alger Management
    Jim Blakeslee
    WM Group of Funds
    Story Archive for Fred Alger Management Inc.
    Published On Story Headline Publication
    1/22/2019 Week In Preview, January 22-27 MFWire.com
    3/22/2018 What Do Due Diligence Teams Think of Focused Strategies? MFWire.com
    9/13/2017 Filings For Fundsters - September 13, 2017 MFWire.com
    9/8/2017 New Fund Fuss - September 8, 2017 MFWire.com
    8/1/2017 Follow the Fundsters - August 1, 2017 MFWire.com
    2/15/2017 A Deep Dive Into Fidelity's New Platform MFWire.com
    1/26/2017 The New Fund Fuss - January 26, 2017 MFWire.com
    1/18/2017 Alger Buys in Beantown MFWire.com
    12/14/2016 Follow the Fundsters - December 14, 2016 MFWire.com
    12/12/2016 Alger Tests a DC I-O Value-Add Program and Adds Two Execs 401kWire.com
    10/3/2016 Filings for Fundsters - October 3, 2016 MFWire.com
    8/25/2016 Two Execs Join Victory in a Key Channel MFWire.com
    8/16/2016 Filings For Fundsters - August 16, 2016 MFWire.com
    1/4/2016 The Top Big Equity Fund of 2015 Is ... MFWire.com
    10/14/2015 Vantagepoint Adds Two Subadvisors and Drops One MFWire.com
    9/9/2015 The Fund Firm That Lived MFWire.com
    8/14/2015 A Big Apple Fund Shop Swaps In a DC I-O Key Accounts Exec 401kWire.com
    8/10/2015 Tambone Expands Alger's Advisor-Facing and Institutional Sales Forces MFWire.com
    3/9/2015 Alger Teams Up to Go Global MFWire.com
    2/10/2015 Chung Finds Alger a Strategic Partner MFWire.com
    10/27/2014 Alger, American Century, ClearBridge, Harris, Longleaf, Parnassus and Primecap Look Like M* Winners MFWire.com
    9/16/2014 Dan Chung Invites Reporters to Think Further MFWire.com
    10/23/2013 New Marketing Head Aims to Broaden Alger's Reach MFWire.com
    10/10/2013 Alger Names a Marketing Head MFWire.com
    6/17/2013 More Woes Afflict Marsico MFWire.com
    6/14/2013 Optimum Removes Sub-Advisor MFWire.com
    6/3/2013 Alger Debuts Two Growth Funds MFWire.com
    4/5/2013 Stork and Reaper for the Week of April 5, 2013 MFWire.com
    3/6/2013 Alger Lifts Out an Allianz Team MFWire.com
    1/14/2013 An NY Mutual Fund Shop Seeks Four Sales Bigwigs MFWire.com
    10/19/2012 Stork and Reaper for October 19, 2012 MFWire.com
    9/28/2012 A Whistleblower Lawsuit Continues to Plague Alger MFWire.com
    6/7/2012 Clapp Hires Two at Alger MFWire.com
    4/9/2012 Change Inspires Alger's People MFWire.com
    4/9/2012 Alger Touts Its History MFWire.com
    8/29/2011 Alger Remembers Employees Who Died on 9/11 MFWire.com
    7/6/2011 An Ex-PM Accuses Alger of Front-Running Her Fund MFWire.com
    4/12/2011 Fred Alger Goes to Park Avenue MFWire.com
    1/24/2011 Alger to Shutter Two Funds MFWire.com
    12/29/2010 Fred Alger Launches a Magazine MFWire.com
    6/3/2010 Alger Beefs Up its Web Site MFWire.com
    3/22/2010 Fund Managers Weigh in on Health-Care Stocks MFWire.com
    3/4/2010 Fred Alger Partners Up MFWire.com
    8/17/2009 Alger Makes a Pair of Wholesaler Hires MFWire.com
    7/7/2009 Alger Switches its Branding Tactics MFWire.com
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