Kate Stafford Joins Alger

CONTACTS: Prosek Sheila Kulik 203-475-2523

Alger

Scott A. Anderson 212-806-2972

FOR IMMEDIATE RELEASE Kate Stafford, CFA, Joins Alger to Expand Its Alternative Investments and Family Office Footprint NEW YORK, April 1, 2019 – Fred Alger & Company, Incorporated (“Alger”) is pleased to announce that Kate Stafford, CFA, has joined as Senior Vice President, Director of Alternatives Business Development. Ms. Stafford will focus on raising capital and growing the firm’s client base for its suite of alternative investments. In addition, she will have primary responsibility for Alger’s distribution efforts within the Family Office market segment in the U.S. Ms. Stafford has worked in the alternative investments industry for over 16 years, the last 10 of which she ran investor relations and capital raising efforts at hedge funds. Most recently, she served as Head of Investor Relations at Tenaron Capital Management LP and prior to that held the same position at WCG Management, L.P. Previously, she worked at Merrill Lynch, and prior to that, Commerzbank Securities in London, U.K. Ms. Stafford earned a B.A. in Economics and a B.S. in Mechanical Engineering from Brown University, as well as an M.B.A. from MIT Sloan School of Management. Ms. Stafford is also a CFA charterholder and a member of the CFA Institute. “Kate has a strong track record of over a decade raising capital in the alternative investment space. As a result, she also is a seasoned marketer within the Family Office channel. We are excited that she is joining Alger to help expand our client base for Alger and Weatherbie Capital’s suite of alternative investments,” said Jim Tambone, Executive Vice President and Chief Distribution Officer at Alger. “We believe Kate will also be able to lead our efforts to expand the number of alternative strategies we offer.” For more than a decade, Alger and Weatherbie Capital have provided investors access to actively managed long/short equity strategies. Through Alger’s in-depth, bottom-up, fundamental research process, the investment team identifies companies experiencing Positive Dynamic Change (long positions), as well as those experiencing weakening fundamentals (short positions). Through the use of hedging and active management of market exposures, the portfolio managers seek to provide investors with both downside protection and lower volatility than traditional equity strategies. 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. 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. ###