Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Portfolio > Portfolio Construction

Some Fred Alger Alumni Rejoin Wounded Firm

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

NU On-Line News Service, Oct. 11, 10:05 a.m. – Fred Alger Management, Inc., a leading money management firm whose ranks were decimated in the World Trade Center disaster, has recently rehired some former executives as it tries to rebuild.

The company, now based in Morristown, N.J., announced today that Teresa McRoberts, an alumna of the firm, has rejoined its ranks as a senior vice president and senior analyst. McRoberts will officially assume her duties on October 15, the firm says.

McRoberts worked for Fred Alger from 1994 until 1998 as a senior analyst, specializing in covering the health care sector. Since then, she has been a portfolio manager at Morgan Stanley and most recently at Maximus Capital, where she was also a partner.

The president of Fred Alger Management, David Alger, the brother of the company’s founder, remains unaccounted for along with 37 others, out of 55 employees who worked on the 93rd floor of Tower One of the WTC. The firm had employed 235 people worldwide.

Following the disaster, Fred M. Alger, founder of the company, emerged from semiretirement to resume his former duties as chairman and president and announced his determination to rebuild the firm.

Fred Alger Management announced last month that Dave Hyun, another alumnus, had rejoined the firm as a portfolio manager. Last week, it said that Amy E. Ryan, an analyst covering the retail sector, had returned as a senior vice president and senior analyst.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.