Alger Press Release

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Alger Hires London-Based Head of European Sales

NEW YORK, September 5, 2018 – Alger Management, Ltd. is pleased to announce that Robert Gourlay has joined as Senior Vice President and Head of European Sales. Fred Alger Management, Inc. (together with its affiliates, “Alger”), is a leading growth equity asset management firm headquartered in New York City with more than $26 billion in assets under management. Mr. Gourlay, who will be based in London, will be responsible for strengthening and developing Alger’s relationships with private bank, multimanager, and institutional investors outside of the U.S. He joins Alger with more than 20 years of experience in institutional sales, previously serving four years at Advent Capital as a Managing Director and Head of Business Development EMEA, where he focused on a European client base. He also dedicated 10 years in sales to RWC Partners, building a network of clients and raising assets for vehicles in the UK, U.S., Europe, and Asia. Gourlay is a graduate of Radley College and completed Officer Training for the British Armed Forces at the Royal Military Academy Sandhurst, commissioned into The Queen’s Own Hussars. “Alger has experienced steady interest in our investment strategies and products from UK and European investors, making it a top priority for our team to strengthen our international footprint,” said Jim Tambone, Executive Vice President and Chief Distribution Officer at Alger. “We are confident that with Robert’s demonstrated history of business development, coupled with La Française’s deep understanding of international clientele, we will be in a position to best serve our global market of institutional and retail investor clients.” Alger has been a provider of asset management capabilities in Europe for over two decades and opened its London-based office in 2014. Non-U.S. investors can access Alger investment offerings through Alger SICAV, which includes The Alger American Asset Growth Fund, Alger Small Cap Focus Fund, Alger Emerging Markets Fund, and Alger Dynamic Opportunities Fund, a long/short hedged equity fund. In addition, clients can access Alger’s strategies through sub-advised and separate account mandates. Since 2015, Alger and La Française have partnered to distribute Alger SICAV sub-funds throughout Europe.

Alger SICAV, a Luxembourg UCITS vehicle, makes the funds available to non-U.S. investors in both U.S. dollar- denominated and hedged euro-denominated classes.

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.

This document is for informational purpose only and does not constitute an offer to buy or sell, a solicitation, or investment advice.

Products, services, and information may not be available in all jurisdictions and are offered outside the U.S. by other Fred Alger Management, Inc. (“Fred Alger”) affiliates and/or their distributors as local laws and regulation permits. Please consult your own professional adviser for further information on availability of products and services in your jurisdiction. Issued in the U.S. by Fred Alger Management, Inc., 360 Park Avenue South, New York, NY 10010, USA, (212) 806-8800, alger.com. Fred Alger Management, Inc. is the principal distributor of Alger’s U.S. registered products and Alger SICAV, a Luxembourg investment company with variable capital, which are available only in jurisdictions where an offer or solicitation of such products is permitted under applicable laws and regulation. Fred Alger Management, Inc. provides investment advisory services to institutional and individual investors through traditional and alternative strategies in a variety of products, including separate accounts, mutual funds and privately offered investment vehicles. Important information for UK investors: The content of this commentary has been approved for the purposes of Section 21(2)(b) of the Financial Services and Markets Act 2000 (“FSMA”) by Alger Management, Ltd., which is authorised and regulated by the Financial Conduct Authority, for distribution in the UK to persons who qualify as professional clients or eligible counterparties only. The rules made under the FSMA for the protection of retail clients do not apply to the services provided by Alger Associates, Inc., Fred Alger Management, Inc. and Fred Alger & Company, Incorporated and compensation under the United Kingdom Financial Services Compensation Scheme will not be available. Representative and paying agent in Switzerland is BNP Paribas Securities Services, Paris, succursale de Zurich, Selnaustrasse 16, 8002 Zurich. The prospectus, the Key Investor Information Document, the Articles of Association and the annual and semi-annual report of Alger SICAV are free and available on simple request at the registered office of the representative of Alger SICAV in Switzerland. Effective January 12, 2016, the Swiss Representative is ACOLIN Fund Services AG, Stadelhoferstrasse 18, CH-8001 Zurich, www.acolin.ch and the Swiss Paying Agent is Neue Helvetische Bank AGSeefeldstrasse 215 CH-8008 Zürich. Alger Management, Ltd. (company house number 8634056, domiciled at 78 Brook Street, London W1K 5EF, UK) is authorised and regulated by the Financial Conduct Authority, for the distribution of regulated financial products and services. La Française AM International has a signed agreement with Alger Management Ltd, whereby La Française AM International is authorized to distribute Fred Alger Management Inc. products in Europe. Risk Disclosures : Investing in the stock market involves gains and losses and may not be suitable for all investors. 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.

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