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A Gotham Fund Firm Lays Off Nine
A Big Apple mutual fund firm's leadership recently trimmed their staff. The restructuring comes as the firm continues to suffer outflows amid the current stock market volatility.
A spokesperson for Alger declined to comment.
The staff reduction comes as Alger is navigating outflows. In January, Alger suffered net mutual fund outflows equivalent to 2 percent of its remaining AUM, after suffering net 2022 outflows equivalent to 42.9 percent of its remaining AUM.
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