May 2020 | Volume 28 • Number 5 | mmexecutive.com The Premier News Source for Asset Management Leaders management executive Every year, Money Management Executive recognizes women who are making meaningful contributions to asset management. This year, that recognition comes at a time of serious crisis, as the global economy weathers the deep impact of the coronavirus pandemic. We asked this year’s Top Women in Asset Management honorees to discuss how their firms are coping with the crisis, and how this period may reshape the industry. Several executives note the sudden shift to a fully virtual business model, and the challenges and opportunities that come with the forced adaptation. “We have effectively gone all digital in many aspects of our work lives at an unprecedented pace,” says Ankur Crawford, portfolio manager at Alger. “I believe this change ... could lead to more efficient and productive organizations over the long term.” WOMEN TOP 15 leaders transforming their organizations to face the industry’s biggest challenges IN ASSET MANAGEMENT
TOP WOMEN IN ASSET MANAGEMENT
In addition to founding the Alger 25 strategies in 2018, which she leads, Ankur Crawford co-manages the Alger Capital Appreciation, Alger Spectra and Alger Focus Equity funds — more than a combined $20 billion. To better assist women’s futures, Crawford founded a group focused on networking, career development and support for working mothers employed at the firm. Today, she is a mentor for new employees. In 2019, Crawford organized an off-the-record event for her female peers in the finance investment industry in an effort to help build a more expansive network for herself and other women, as well as to support and empower the next generation.
Portfolio manager ALGER
Posted with permission from the May 2020 issue of Money Management Executive ® www. mmexecutive.com. Copyright 2020. All rights reserved. For more information on the use of this content, contact Wright’s Media at 877-652-5295.
This article reprint was originally published by Money Management Executive on May 1, 2020. Please note that Money Management Exec- utive is an independent publication and the performance cited in the article does not represent the experience of any individual investor. The views expressed are the views of Fred Alger Management, LLC as of May 2020. These views are subject to change at any time and may not represent the views of all portfolio management teams. These views should not be interpreted as a guarantee of the future performance of the markets, any security or any funds managed by Fred Alger Management, LLC. These views are not meant to provide investment advice and should not be considered a recommendation to purchase or sell securities. Risk Disclosures: Risk Disclosures: Investing in the stock market involves risks, and may not be suitable for all investors. Growth stocks tend to 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 por- tion 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. Short sales could increase market exposure, magnifying losses and increasing volatility. Leverage increases volatility in both up and down markets and its costs may exceed the returns of borrowed securities. 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. Active trading may increase transaction costs, brokerage commissions, and taxes, which can lower the return on investment. Alger 25 Fund is classified as a “non-diversified fund” under federal securities laws because it can invest in fewer individual companies than a diversified fund. Before investing, carefully consider the Fund’s investment objective, risks, charges, and expenses. For a prospectus and summary prospectus containing this and other information or for the Fund’s most recent month-end performance data, visit www.alger.com, call (800) 992-3863 or consult your financial advisor. Read the prospectus and summary prospectus carefully before investing. Distributor: Fred Alger & Company, LLC. Member NYSE Euronext, SIPC. NOT FDIC INSURED. NOT BANK GUARANTEED. MAY LOSE VALUE.
Fred Alger & Company, LLC 360 Park Avenue South, New York, NY 10010 / 800.992.3863 / www.alger.com