Alger Names Amy Y. Zhang, CFA, to Alger Partners Plan
NEW YORK, December 17, 2018 – Fred Alger Management, Inc. (“Alger”), a leading asset management firm, announced today that Amy Y. Zhang, CFA, has been named a member of the Alger Partners Plan. Amy, a seasoned and highly respected veteran in the asset management industry, is a Senior Vice President and Portfolio Manager who joined Alger in 2015. Amy manages the Alger Small Cap Focus Fund, a focused portfolio of approximately 50 high-conviction small capitalization stocks. Amy and the Fund have been well-recognized by investors for the excellent performance. Over the past three years, the Fund outperformed its benchmark by more than 1,000 bps. The Fund also ranks in the top 2% or better in the Morningstar Small Growth category over the past one-, three-, and five-year time periods. Also, Morningstar recognized the Fund by garnering it with a Silver Morningstar Analyst Rating and an overall 5-Star Morningstar Rating (Class Z, among 606 Small Growth funds, based on risk adjusted returns as of 9/30/18). Alger now has more than $2.5 billion in the Small Cap Focus strategy. Leading publications and television shows have also acknowledged Amy and the Fund’s unique investment process and strong performance, including The Wall Street Journal, Barron’s, The New York Times, Citywire, Business Insider, Investment News, MarketWatch, CNBC, and CNN. Additional accolades this year include Amy being awarded the “AAA” Citywire Fund Manager Rating for strong risk-adjusted performance (equity-U.S. small and medium companies category as of November 2018). Also, she is a 2018 recipient of the Money Management Executive Top Women in Asset Management Award, as well as the Mulan Award, which recognizes successful Asian women. “I am thrilled to welcome Amy as a member of the Alger Partners Plan,” said Dan Chung, CFA, CEO and Chief Investment Officer. “ Amy’s hard work, astute investment acumen and contributions to the firm have been exemplary. We are proud to add her as a member, signifying her leadership in the organization.” Amy is a summa cum laude graduate of Manhattanville College where she earned a B.A. in Economics, and graduate of Columbia Business School where she earned an M.B.A. in Finance and where she was inducted into the Beta Gamma Sigma honor society. She is also a member of Columbia Business School’s Ambassador Program. Amy is a CFA charterholder and a member of the CFA institute. Alger Partners Plan, which was launched in 2009, recognizes individuals who are leaders of the firm. This plan, along with the Alger Profit Participation Plan, are incentive programs developed to enable key personnel of Alger to share in the growth of the firm, while at the same time align their interests with those of our shareholders and clients.
Amy Y. Zhang, CFA Amy joined Alger in 2015 and has 23 years of investment experience. Prior to joining Alger, Amy worked at Brown Capital Management as a Partner, Managing Director and Senior Portfolio Manager of its Brown Capital Small Company Fund. Her previous experience includes working as a Portfolio Manager/Analyst at Epsilon Investment Management, Research Analyst at Templeton Worldwide, and Associate at Citicorp Securities. Amy earned her B.A. from Manhattanville College, where she graduated Summa Cum Laude. She earned her M.B.A. from Columbia Business School.
Performance of the Alger Small Cap Focus Fund
Average Annual Total Returns (%) as of 9/30/18 YTD
1 Year 51.81 21.06 1% 11/702
Class Z (Incepted 12/29/10) Russell 2000 Growth Index Morningstar Percentile Rank (Small Growth, based on total returns)
28.29 17.98 1% 6/606
17.57 12.14 2% 8/532
Total Annual Operating Expenses by Class (Prospectus Dated 3/1/18): 0.90%
Only periods greater than 12 months are annualized.
The performance data quoted represents past performance, which is not an indication or a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Performance figures assume all distributions are reinvested. For performance current to the most recent month end, visit www.alger.com or call 800.992.3863. About Alger Founded in 1964, Alger is widely recognized as a pioneer of growth-style investment management. Headquartered in New York City with affiliate offices in Boston and London, Alger provides U.S. and non-U.S. institutional investors and financial advisors access to a suite of growth equity separate accounts, mutual funds, and privately offered investment vehicles. The firm’s investment philosophy, discovering companies undergoing Positive Dynamic Change, has been in place for over 50 years. Weatherbie Capital, LLC, a Boston-based investment adviser specializing in small and mid-cap growth equity investing is a wholly-owned subsidiary of Alger. For more information, please visit www.alger.com. Risk Disclosures : Investing in the stock market involves gains and losses and may not be suitable for all investors. The value of an investment may move up or down, sometimes rapidly and unpredictably, and may be worth more or less than what you invested. Stocks tend to be more volatile than other investments such as bonds. Growth stocks tend to be more volatile than other stocks as the prices of growth stocks tend to be higher in relation to their companies’ earnings and may be more sensitive to market, political, and economic developments. Investing in companies of small capitalizations involve the risk that such issuers may have limited product lines or financial resources, lack management depth, or have more limited liquidity. The investments may be more concentrated and therefore more vulnerable to changes in the market value of a single issuer and may be more susceptible to risks associated with a single economic, political or regulatory occurrence than a more diversified portfolio. The investments are concentrated in the health sciences sector and may be more volatile than those that do not similarly concentrate their investments. Changes in applicable regulations could adversely affect companies in these industries, and the pace of product development and technological advancement in comparative companies may result in greater volatility of the price of securities of such companies. Many technology companies have