Company Press Release

NEW YORK, Aug. 17 /PRNewswire/ -- Fred Alger & Company, Incorporated ("Alger"), parent company of Fred Alger Management, Inc., a leading asset management firm, today announced the hiring of Ted Kosinski and Michael Stoppiello as Vice President, Regional Marketing Managers for Alger.

Ted has over 12 years of experience in the financial services industry and will be providing coverage for Alger within the states of Illinois, Minnesota and Wisconsin. Prior to joining Alger, he was a Vice President, Regional Manager with AllianceBernstein Investments covering the state of Wisconsin. Ted currently resides in Bayside, WI.

Michael brings to Alger five years of financial services experience, most recently as Regional Vice President for RiverSource Investments, which he joined as part of their acquisition of Seligman Advisors. He will be responsible for covering the states of Indiana, Michigan, Ohio and Western Pennsylvania and resides in Columbus, OH.

In their new roles, they will lead Alger's effort to service and expand existing relationships as well as develop new relationships with financial advisers in their respective territories.

"We are very excited to have both Ted and Michael join Alger," said Liz Clapp, Senior Vice President and National Sales Manager for Alger. "They are high quality proven performers, who, along with our existing seasoned sales staff, will significantly improve Alger's presence in the advisor marketplace. We believe that Ted and Michael are going to help us meet our long-term growth objectives of delivering superior client service to our most important customers."
< About Fred Alger & Company, Incorporated

Fred Alger Management, Inc. was founded in 1964 and manages more than $10 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 to retail investors through Alger mutual funds and separately managed accounts. 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.