Company Press Release

NEW YORK, June 23 /PRNewswire/ -- Fred Alger Management, Inc. ("Alger"), a leading asset management firm, today announced the hiring of Kirk Williamson as Vice President, Regional Marketing Manager for Alger in the Southern U.S. In his new role, Mr. Williamson will lead Alger's effort to service and expand existing relationships as well as develop new relationships with financial advisers in Louisiana, Arkansas, Tennessee, and Missouri.

Kirk's 25 years of experience in the industry includes firms such as A.G. Edwards & Sons, Putnam Investments, Fidelity Investments, and IXIS Asset Management.

Dan Chung, CEO and Chief Investment Officer of Alger, said, "We are pleased to have Kirk with our organization. His extensive industry experience and background will allow us to serve our clients at a very high level. We believe Kirk is going to meaningfully contribute to Alger's growth in the future."

Kirk and his wife reside in Covington, LA.

About Fred Alger Management

Founded in 1964, Fred Alger Management, Inc. is a leading asset management firm managing more than $15 billion. Alger employs a bottom-up approach in its attempt to identify the fastest growing companies in their respective sectors. For more than 40 years, Alger has followed a rigorous process, a consistent approach, and a core philosophy: find dynamic, innovative companies creating change and invest in them. Alger offers investment advisory 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.


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