Alger Launches High-Conviction Mid Cap Focus Fund

CONTACTS: Prosek

Alger

Sheila Kulik 203-475-2523

Scott A. Anderson 212-806-2972

FOR IMMEDIATE RELEASE

Alger Launches High-Conviction Mid Cap Focus Fund

NEW YORK, June 17, 2019 – Fred Alger & Company, Incorporated (“Alger”) is pleased to announce the further expansion of its suite of focused portfolios with the launch of the Alger Mid Cap Focus Fund (the “Fund”). The Fund will typically invest in 50 high-conviction growth equities, which in the investment team’s opinion offer the best investment opportunities. Amy Y. Zhang, CFA, is the portfolio manager of the Fund. Amy joined Alger in 2015 and has 24 years of investment experience, 16 years of which solely focused on small and mid-cap U.S. equities. Amy also manages the often cited and well recognized Alger Small Cap Focus Fund, a five star Morningstar rated fund. “Our bottom-up research process enables us to identify and invest in what we believe are exceptional companies that can compound value over the long term,” said Amy. “The Fund is a focused, high conviction portfolio of “best ideas” generated by our team of talented analysts. Common characteristics of the companies we invest in are both defensible competitive positions and high financial quality, such as solid balance sheets and strong cash flow generation. I am excited about the opportunity to manage the Alger Mid Cap Focus Fund and believe it is a natural extension of the work we do with the Alger Small Cap Focus Fund.” “Since 2012, Alger has managed focused portfolios and currently manages nearly $8 billion in such strategies, spanning the market cap spectrum. We believe this indicates our clients both recognize our skill and capabilities and that there is significant demand for these types of strategies. I am proud of the results Amy and her team have delivered in Small Cap Focus and believe alpha-seeking investors looking for a mid-cap solution will be interested in learning more about the Alger Mid Cap Focus Fund,” said Dan Chung, CEO and CIO of Alger.

Additionally, Morningstar has recognized the Alger Small Cap Focus Fund, a focused portfolio of approximately 50 high-conviction small capitalization stocks, by garnering it with a Silver Morningstar Analyst Rating.

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