Alger Promotes Dan Chung to President; Firm Announces Additional Investment Team Promotions.Business Editors NEW YORK--(BUSINESS WIRE)--Sept. 8, 2003 Fred Alger today announced that Dan Chung has been promoted to President of Fred Alger Management, Inc. "Dan has done a remarkable job managing our investment team and process, through not only a difficult stock market but our Firm's tragic losses on September 11th. Our Firm's strength and investment performance today is proof that the Firm I founded and ran with my brother David is, again, leading our industry. As such, I believe it is the right time to promote Dan to the office my brother and I held for the Firm's first 40 years, and expect Dan will continue in the Firm's tradition of excellence," said Fred Alger, founder, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Fred Alger Management, Inc. Dan Chung joined the Firm in 1994 and led the team of Technology Analysts from 1998 to 2001. After September 11th,he assumed his current position as Chief Investment Officer and Director of Research. Dan is a graduate of Stanford University and Harvard Law School Harvard Law School (colloquially, Harvard Law or HLS) is one of the professional graduate schools of Harvard University. Located in Cambridge, Massachusetts, Harvard Law is considered one of the most prestigious law schools in the United States. , where he graduated magna cum laude and was a member of the Harvard Law Review The Harvard Law Review is a journal of legal scholarship published by an independent student group at Harvard Law School. Overview The Review is one of the most cited law reviews in the United States and considered by many to be the most prestigious. . In addition to practicing as a tax lawyer at Simpson Thacher and Barlett in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , Dan served as law clerk to the Hon. Anthony M. Kennedy of the U.S. Supreme Court in 1987 to 1988. Dan is a Chartered Financial Analyst Chartered Financial Analyst (CFA) An experienced financial analyst who has passed examinations in economics, financial accounting, portfolio management, security analysis, and standards of conduct given by the Institute of Chartered Financial Analysts. . Additionally, Kevin Collins has been promoted to Portfolio Manager, managing the Growth & Income portfolios and the equity portion of Alger's Balanced portfolios. Kevin will work with Alison Barbi, who manages the fixed income portion of the portfolios. Mr. Collins has been with Alger for six years as a Senior Analyst covering capital goods Capital Goods Any goods used by an organization to produce other goods. Notes: Examples of capital goods include office buildings, equipment, and machinery. See also: Capital Expenditure, Disinvestment Capital goods , education, homebuilding, food and drug retailing, hotels, restaurants and leisure. He is a graduate of the University of Pennsylvania (body, education) University of Pennsylvania - The home of ENIAC and Machiavelli. http://upenn.edu/. Address: Philadelphia, PA, USA. and earned his MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from Northwestern University. Mr. Collins has over 10 years of investment experience and prior to joining Alger, was an equity analyst at the Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. . Mr. Collins is a Chartered Financial Analyst and a member of the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Society of Security Analysts. "Kevin is an outstanding analyst in the tradition of Alger. His expertise, thoroughness and stock picking abilities have greatly contributed to our portfolios' overall performance, and I am confident he will deliver excellent results for our clients," said Dan Chung, President and Chief Investment Officer of Fred Alger Management, Inc. In addition, Andrew Silverberg has been promoted to Assistant Portfolio Manager, assisting Dan Chung on Alger's Mid-Cap portfolios. Mr. Silverberg brings five years of investment experience to this role covering media, entertainment, broadcasting, cable, satellite, Internet companies and video game software. He joined Alger in September 2001 from Mark Asset Management Corp. Mr. Silverberg is a graduate of the Brooklyn College Scholars Program. Founded in 1964, Fred Alger Management, Inc. is a leading asset management firm employing a bottom-up approach in its attempt to identify the fastest growing companies in their respective sectors. Over four decades, Alger has continued its tradition of pure growth investing, independent research and style purity. Fred Alger Management, Inc. offers investment advisor services to separately managed, sub-advised and wrap accounts. Fred Alger & Company, Incorporated offers mutual funds as well as institutional funds for defined benefit and defined contribution plans. For more information, please visit www.alger.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion