Edward Minn Added as Portfolio Manager for Weatherbie Specialized Growth Strategy

Portfolio Manager Biography Edward M.B. Minn, CFA®

Ed joined Weatherbie Capital in December 2013 and has 15 years of investing experience. Prior to joining the firm, he spent five years as a research analyst at Vinik Asset Management, LP, where he focused on the technology sector. He began his investment career at Raymond James & Associates, Inc. where he worked as a research associate covering energy stocks. Ed received his M.B.A. from the University of Chicago Booth School of Business with High Honors. Ed also holds a B.S. in economics from Duke University, where he graduated Summa Cum Laude. Ed is a CFA charterholder and is a member of both the CFA Society Boston and the CFA Institute.

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, 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. The Weatherbie Specialized Growth Composite is composed of institutional accounts which primarily invest in equity securities of smaller capitalization growth companies that have attractive growth and quality characteristics. The strategy will have approximately 50 holdings. All returns assume reinvestment of dividends and are gross of withholding taxes where applicable. Performance for periods of less than one year are not annualized. The Composite is calculated in U.S. dollars. Gross of fees performance is shown prior to the deduction of management fees and after the deduction of trading expenses. Net of fees performance reflects the deduction of realized management fees and trading expenses. Prior to 2017, net of management fee performance was calculated by applying the model management fee of 0.25% per quarter that reduces the composites’ gross quarterly return, based off of the standard fee schedule of 1% on the first $20 million, 0.85% on the next $40 million, 0.75% on the next $40 million and 0.60% on assets over $100 million. Effective January 1, 2017, net of management fee performance is calculated based on actual management fees charged per each client’s negotiated fee schedule. Some accounts in the composite may have an incentive fee in addition to the standard management fee. Any incentive fees are crystalized and paid at the end of the period. Additional information regarding the policies for valuing portfolios and calculating performance are available upon request. Past performance is not an indication or guarantee of future results. A complete list and description of Fred Alger Management, LLC composites and performance results is available upon request: 800.223.3810 or www.alger.com. Risk Disclosures : Investing in the stock market involves risks, including the potential loss of principal. Growth stocks may be more volatile than other stocks as their prices tend to be higher in relation to their companies’ earnings and may be more sensitive to market, political, and economic developments. A significant portion of assets will be invested in technology and healthcare companies, which may be significantly affected by competition, innovation, regulation, and product obsolescence, and may be more volatile than the securities of other companies. Investing in companies of small and medium capitalizations involve the risk that such issuers may have limited product lines or financial resources, lack management depth, or have limited liquidity. Assets may be focused in a small number of holdings, making them susceptible to risks associated with a single economic, political or regulatory event than a more diversified portfolio. Foreign securities and Emerging Markets involve special risks including currency fluctuations, inefficient trading, political and economic instability, and increased

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